Straight from Horse's mouth.
Presentation by Lynas in June 2007.
Page 32 of 33 states "OVER $A50 BLN METAL CONTENT ?(OUR NEXT PROJECT?)"
Refer http://www.lynascorp.com/page.asp?category_id=9&page_id=12#
Presentation by Lynas in Nov 2007. The above teaser had mysteriously vanished.
In page 19 of 21 Crown's REO composition is provided. It is HREE rich. At today's prices, it's basket price is $296.53 while Mt. Weld REEs basket price is $222.92. Phosphate prices are around $200 to $400 depending on the P2O5 in the ore. Even if used the lowest figure, the total of Tantalum, Niobium, REEs and Phosphate equate to $200billion. Agreed that the process is not mature. So sit on it rather than sell it to FRG or anybody.
Go figure whether the sale of Crown, Coor and Swan are above board or shady deals.
Incidentally the sale included everything of LYC but a small circle around the Concentrator, Mt Weld present mine and Duncan resources. Read the documents fully, not just the headlines.
straight from horse's mouth
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Last
$6.22 |
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Mkt cap ! $5.813B | |||
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