GREY:BHNGF - Post by User
Comment by
lifelearneron Feb 16, 2011 10:17pm
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Post# 18147746
RE: RE: LQQKING Like
RE: RE: LQQKING LikeOk everyone relax, 3.7 lbs. will turn into ½ a pound of recoverable REE. Not only that, but not all REE are equally important, in fact this play may come down to one heavy REE alone. TM oxide can go for $27.00-$50.00 per gram. We could have a much as .8 to 1 gram per tonne recoverable. At one gram of TM oxide, means that this element could cover the most of the production cost of all of the U308. A small change in recovery, grade, or price could impact over all REE credits considerably. At This price and grade this element (TM oxide) will generate more than ½ of the total revenue for all the recoverable REE combined.
Let’s hope they have consistent grade and recovery of Tm oxide.
Cheers,
Life learner