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Bullboard - Stock Discussion Forum Commerce Resources Corp V.CCE

Alternate Symbol(s):  CMRZF

Commerce Resources Corp. is a Canada-based junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is primarily focused on suppling of mixed rare earth carbonate and/or neodymium and praseodymium (NdPr) oxide to the global market. Its primary asset is the Eldor Property in Quebec. The Eldor Property is... see more

TSXV:CCE - Post Discussion

Commerce Resources Corp > New resource calculation
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Post by rondun5 on Aug 09, 2023 12:19pm

New resource calculation

We really need a new resource calculation using all of the recent drill results.A proven and probable resource of 60+ million tonnes and about 200,000,000 tonnes ofinferred resource in the 300 metres from surface would be nice.Mind you,that's only enough tonnage to last for 114 years at 6,000 tonnes/day.
Comment by IgnacioCashmere on Nov 08, 2023 1:40pm
That's the problem I came across when I crunched the numbers. Rare earths are low volume mines. A million tons a year processed is a lot anywhere. You quickly reach numbers that no longer matter on a resource of this size. Anything beyond 30 years of production does not increase today's in the ground value of the resource. I've seen other projects with 200 years worth of rare earths ...more  
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