Hello. LIN just released a study using REE NdPr prices of US$109/kg but when the current NdPr price is US$44/kg. If MEI have a 5Mt operation at 65% recovery at 4,000ppm, they will produce 13,000 tonnes of TREO per year. At current prices, the MEI basket price is probably around US$15/kg and $10/kg after discounting if producing a TREO concentrate. This is revenue of US$130M per year. However, there are costs. Lets say the costs are US$6/kg (), the gross profit is US$52M or AUS$51M net profit after tax. Lets say the costs are US$8/kg, the gross profit is US$26M or AUS$25M net profit after tax. However, MEI must raise AUD$360M to build a mine, which will require issuing more shares. Are you suggesting MEI will issue a scoping study similar to LIN using assumptions of future REE prices that are totally divorced from current reality?
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