In the Big Leagues Boyz!Saw this good comparative on the IV board. Quick comparison of grade and tonnage to AVL etc. and Eldor should be valued at around $300M plus expansion of resource and Blue River. Targets on AVL are over $10. Consider that and maybe it is $400-500 + BR! We have a ways to go boyz! I'm pumped! Be nice to see CCE on the big board.
Comments on the results from Zimtu Capital
At 117 MT the Ashram Rare Earth Deposit is the third largest reported rare earth deposit with NI 43-101 or JORC resources known worldwide. The two deposits in front of us Greenland Minerals and Avalon have market caps of $397 million and $645 million respectively.
Pre news release we have a market cap of $120 million. If you look at the six largest rare earth deposits the next lowest market cap is Tasman with C$279 million.
Out of the six largest reported rare earth deposits the Ashram has the highest grade at 1.74% TREO. Next is Avalon’s Nechalacho Deposit with 1.36% TREO
We have an in-situ resource of over 2,000,000 tonnes TREO. Only Greenland Minerals, Avalon, and Molycorp have over 2,000,000 tonnes TREO in the ground.
Our deposit is open in almost all directions; it will continue to expand by drilling deeper with the new drill as well as to the north, south, and east where it is open.
Our deposit also has near surface zones that are enriched with middle and heavy rare earths. This is unqiue for carbonatite deposits.
For your reference and notes I have included details on the six largest rare earth deposits with 43-101 or JORC resources below; to show how we compare:
Largest Rare Earth Element Deposits
Greenland Minerals (ASX: GGG) – Kvanefjeld Deposit – Kujalleq, Greenland
Deposit Size (Total): 457 MT @ 1.07% TREO
Market Cap: C$397,288,666
Avalon Rare Metals (TSX: AVL) – Nechalacho Deposit – NWT, Canada
Deposit Size (Total): 315 MT @ 1.36% TREO
Market Cap: C$645,902,579
Commerce Resources (TSXv: CCE) – Eldor Deposit – Quebec, Canada
Deposit Size (Total): 117 MT @ 1.74% TREO
Market Cap: C$120,140,169
Quest Rare Minerals (TSXv: QRM) – B-Zone Deposit – Quebec, Canada
Deposit Size (Total): 114 MT @ 1.00% TREO
Market Cap: C$326,712,954
Alkane Resources (ASX: ALK) – Dubbo Deposit – New South Wales, Aus.
Deposit Size (Total): 73 MT @ 0.89% TREO
Market Cap: C$303,466,198
Tasman Metals (TSXv: TSM) – Norra Karr Deposit – Smaland, Sweden
Deposit Size (Total): 60 MT @ 0.54% TREO
Market Cap: C$279,784,320