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15.5¢ red metal limited

Sybella Benchmarking vs Peers, page-34

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Evergrayeful

463 Posts.

336

12/02/24

06:00

Post #: 72351463
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Originally posted by Big Poppa Pump: ↑

Thanks, I haven't come across this one. Will be looking out for their scoping study and then I'll do a head to head under the same pricing assumption they use. First read is same as you, it will be capex intensive: 1. SAG mill, 2. WHIMS (very CAPEX intensive units) 3. hot acid tank leaching (and filtering) so exotic materials of construction. But will wait for the scoping study.

I think they have these the wrong way round, HPAL (high pressure acid leach) is 200degC+, and there's no way you can do an open tank leach at 360degC with sulphuric acid, 98% sulphuric acid boils at 337degC! So if they are doing low(er) CAPEX tank leaching, then they will be getting ~40% NdPr and ~25% DyTb recoveries.. about half RDM, which cancels out their double head grade.

@goldbear77 great post, couldn't have said it better myself.

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Thank you for your time you spend on giving us your great a@Big Poppa Pump, very useful for someone like me - now I have bought in, even better.

May I ask please - what's your background as I have not seen this sort of insight by anyone before may be @GeoFiji and @Scarpa

RDM Price at posting: 18.0¢ Sentiment: Buy Disclosure: Not Held
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Last 15.5¢		Change 0.000(0.00%)		Mkt cap ! $46.44M

Open	High	Low	Value	Volume
15.5¢	15.5¢	15.5¢	$6.198K	39.98K

Buyers (Bids)

No.	Vol.	Price($)
9	189762	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	49999	1

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No.	Vol.	Price($)
9	189762	0.155
9	1536226	0.150
1	40000	0.145
1	10000	0.140
2	120000	0.135

Price($)	Vol.	No.
0.160	49999	1
0.165	42723	1
0.170	62922	2
0.175	25000	1
0.180	202000	4

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