ltl, Ucore have 3.89% Dy out of a 0.75% TREO as per their NI 43-101, JORC equivalent, showing 27,500t inferred TREO.
NTU "has outlined a mineralised zone (>0.15% TREO) over a strike length of approximately 200m, and a true width of between 2m and 25m." as per the May 12 statement on Wolverine. I'm not sure you want to be banging the drum about the 9% Dy in situ REO until NTU come up with a JORC showing better grades and some resource estimate.
By comparison Duncan shows a grade of 4.8% with Dy 1.27% in situ REO but by discarding the 40% Ce in the concentrate stage the Dy increases to 2.12% and Duncan is projecting 300tpa Dy out of total production 13,000tpa.
Coincidentally the same 300tpa NTU (9% x 3ktpa) is projecting only NTU will be in concentrate with a value around $160/180kg whereas Lynas propose direct chemical beneficiation at Duncan so Lynas has estimated a sales value at China domestic or $600kg.
Estimated COP Duncan $40kg v NTU $32kg.
Don't worry I'm not trying to tear NTU down, I did some basic numbers the other night off the Mineweb report that suggest it could be very profitable, but I just think you want to keep things in perspective, particularly until they deliver a JORC and you can compare apples with apples.
Incidentally Jack Lifton lifted Lynas to first on his list of ROW RE producers in a letter last week citing the CREO product mix i.e. Nd, Eu, Tb, Dy & Y. He's the first to publicly rerate Lynas on the back of Duncan but won't be the last.
- Forums
- ASX - By Stock
- NTU
- ucore america's dysprosium leader
ucore america's dysprosium leader, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NTU (ASX) to my watchlist
|
|||||
Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $153.6M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.5¢ | $27.70K | 1.076M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 822237 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 3167364 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 822237 | 0.025 |
17 | 3156520 | 0.024 |
11 | 2210809 | 0.023 |
8 | 1334563 | 0.022 |
4 | 2147617 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 3167364 | 5 |
0.027 | 1200787 | 3 |
0.028 | 1481309 | 3 |
0.029 | 697750 | 2 |
0.030 | 699687 | 5 |
Last trade - 15.43pm 20/08/2024 (20 minute delay) ? |
Featured News
NTU (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online