Value in Situ
Current value for Lanthanum is $50 /Kg. For Cerium $60/kg, for Proseadymium its $60 /kg and for Niodinium its $80 / kg. Also, I beleive Spectrum has some significant Europium levels as well. Europium trades for $700 per kg.
3% REES at an average price of $50 /Kg equals $1500 per tonne or about $3800 per cubic metre.
When the results come out just ask yourself what a company would be worth if they had 120 metre intercepts of 1.2 ounces of gold per tonne. This is why these companies are suddenly becoming popular as investors start to realize the potential of these deposits.
All the best Short-Dog
Rick The Vet