RE:RE:Li and REE are truly the bull marketPlease read the Summary in the beginning of the NI 43-101 Report at: https://defensemetals.com/wp-content/uploads/2020/07/TECHNICAL-REPORT-ON-THE-WICHEEDA-PROPERTY-BRITISH-COLUMBIA-CANADA.pdf
In the Table 1.1. you will find the Indicated 4 890 000 tons of Ore Reserves as bolded and the contents of the main LREE metals. Most of the value, about 85%, comes from Nd and Pr which are the magnet metals. The in-situ value of the metals indicated to be economically mineable is somewhere around 1 to 1.5 billoin USD.
Of course the ore must be upgraded with minerals processing and hydrometallurgical processing to get saleable mineral concentrate or oxide product, and DEFN has been and is currently working on that.
It is hard to say which of the ore projects will be profitable. My opinion is that this one is going to be one of the poistive ones. But I will not to advice anyone to invest in DEFN based on my opinion. However, everyone understands that there will be huge demand for magnet metals in the coming years because of wind power plants and EVs.
My nickname reveals the another metal I believe will have a great future.