Post by
AllDutch1234567 on Mar 03, 2021 7:27am
Value of the Ashram has increasd by +42% since the PEA 2012
All the info below comes directly from CCE's corporate presentation and Chris Grove.
Ashram: REO Content
Pr: 5%
Nd: 18.6%
Tb: 0.2%
Dy: 0.9%
Approximately 91% of the REO value in the Ashram comes from these 4 magnet feed REEs
Prices used in the 2012 PEA
Pr: $59
Nd: $60
Tb: $764
Dy: $624
In terms of these 4 REE’s, and the prices received today from the Beijing based reporting service we subscribe to, Pr has gone from $66 per kilo to $73, Nd has gone from $90 per kilo to $105.00, Tb has gone from $1,369 to $1,524 and Dy has gone from $376 to $448. All prices in USD.
The total value of these 4 REEs based on 2012 prices = $21.25
21.25 = 5%*59 + 18.6%*60 + 0.2%*764 + 0.9%*624
The same 4 REEs based on current prices = $30.26 (+42%)
30.26 = 5%*73 + 18.6%*105 + 0.2%*1524 + 0.9%*448
Comment by
Farminvestor on Mar 08, 2021 7:23pm
Now if only commerce could finish their PFS.
Comment by
AllDutch1234567 on Mar 09, 2021 6:42am
I absolutely agree. Therefore they need more money. Their strategy: providing fluorspar and REE samples to industry majors and then discuss offtake/financing arrangements. CG told me they talk to Glencore, Rio Tinto and Energy Fuels. And there could be more under NDA. The more offtakes the less project risks, the easier it is to close a financing deal.
Comment by
inse on Mar 12, 2021 7:32am
AllDutch1234567, thank you for all your well informed posts about Commerce Resources and the REE space in general. CCE offers significant share price upside potential from the current price of 0.425. I will just continue to let my CCE shares do their thing. GLTA