Price Spike againIs this Price spike, from the region of $0.16 in early dec. 2023 to closing at $0.275 on Dec. 21, 2023, just like the one in January /early February 2023 or the one in December 2020 up to mid February 2021 ??
Excellent deposit BUT we are a long way from production. General timeframes:
- Coarse grain deposit with, at present, lots of metullargy work done and favourable
- Capital Required is estimated to be in an "order of magnitude" of $300 million to produce concentrate, BUT more likely to take the Hydromet option to produce approx. 50% Rare Earths concentrate at Capital required "in the order of magnitude" of $600 million.
- PFS Feasability Study completion target by mid year 2025
- Partnering with the Proud Lake Indian Band and anticipate associated permitting fast-track
- Production probably at least 5 years away (2028 ?)
- Current Cash is approx. 5 Million, which is planned to be enough to get to the end of the PFS
- Currently 256 million shares and potential mine life 20 years with NPV on the Hydromet option anticipated in the region of 1.6 Billion
Peace,
Good Decision-making to All,
ElJ