based on current REE and uranium prices and the stated grades I get a revenue per ton of ore around US $110. REE works out at $80 (0.8% * 10,000) and Uranium at $30 (0.03% * 100,000). The company hasn't come out with cost estimates but we know its a complex orebody which should mean relatively heavy capex and high opex. On first look even with uranium the low grades make this a fairly marginal project, without uranium it looks horrible.
Do they have much higher grades within the overall resource? trying to work out why GGG's been getting this much attention.
time to be realistic folks, page-65
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