Est. value of Nd2O3 in identified REE-bearing carbJust some crude projections based on the information given in the MD&A released on April 26th...
RUDIMENTARY VOLUME CALCULATIONS (HYPOTHETICAL ESTIMATES)
RE: GMA'S MONTVIEL PROPERTY (CARBONATE CORE)FORMULA USED (SEE THIS POST): https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29549660&l=0&r=0&s=GMA&t=LIST
| The Montviel alkaline intrusion measures approximately 10 x 3 km for a total of 32 km2. The carbonate core covers an approximate area of 3km2. The rare-earth mineral-bearing carbonatite has presently been identified over a strike length of 700 m, a 400-m width and to a vertical depth of 450 m below surface. |
East-West (m)
| North South (m)
| Depth (m)
| Density
| Ore (Million Tonnes)
|
| 700 | 400 | 450 | 3*(tonnes/m^3) | 378 |
%TREO over entire length of core - from assays received from 5 holes
Low: 1.17
Average: 1.307404
High: 1.44 |
HYPOTHETICAL VALUE OF NEODYMIUM OXIDE CONTENT AT MONTVIEL[Note 1: Recovery rate - TBD || Note 2: Cut-off - TBD]
Ore (Million Tonnes)
| Neodymium Oxide avg. grade (kg/tonne) [1]
| Neodymium Oxide (Millions of kg)
| Neodymium Oxide Price forecast 2015 ($US per kg) [2] | $US Market Value (Millions) |
| 378 | 2.2 | 831.6 | 76.78 | 63850.248 |
[1] GMA news release - March 31, 2011
[2] CIBC World Markets March 17, 2011
** 1,000 kg per metric tonne |