Commerce Resources Corp V.CCE

Alternate Symbol(s): CMRZF

Metals & Mining Industrial Metals & Minerals

Commerce Resources Corp. is a Canada-based junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is primarily focused on suppling of mixed rare earth carbonate and/or neodymium and praseodymium (NdPr) oxide to the global market. Its primary asset is the Eldor Property in Quebec. The Eldor Property is situated in northern Quebec approximately 130 km south of the town of Kuujjuaq. The Property is 100%-owned by the Company and is composed of 244 claims comprising approximately 11,475 hectares, including the Ashram Rare Earth Deposit. Capacitor Metals Corp. is the wholly owned subsidiary of the Company.

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Commerce Resources Corp

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Post by GoldfingerU3O8on Nov 25, 2010 3:57am

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Post# 17755348

Like 155 Mio ounzes of gold???

I make the following assumptions:

One m^3 of rock has around 2.6 tons
I assume that one kg of REE has nearly the same value as the Lynas deposit - > 60$ per kg (Lynas = 67)
I assume that the mineralization is consistent within the 650*350m strike area (which is not)

The math:
300m * 2.6 * 20kg = 15.600 kg. This is 936.000 $ per m^3 on which you stand.
Multiplied with 650*350 = 212940000000$. Divided by 1372 (price of one ounze of gold)
This is like 155 Mio ounzes of Gold.

Can this be true???!!??? This would be a monster. Where is the mistake???
Pls correct me if I'm wrong:

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