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George mention the $8 price in an interview. It will come out in the DFS.
Because I'm interested, and may well take a punt on this stock. Regarding manufacturing, the logistics costs are paramount; every dollar saved is a dollar on the bottom line. SP's suggestion of $8 / MT is unrealistic; however, the location of the RBW plant adjacent to the Phalabora Mining Company sulfuric acid plant and the potential for piping presents huge savings compared to trucking. If RBW were to include the capex for a short pipeline, probably 6" stainless steel, to transfer 1500 mts a week to a couple of 1500 m3 storage tanks (probably only a 12-hour transfer once a week), they would almost definitely get the H2SO4 for Ex-works price rather than deliver by truck, a significant saving which would justify the extra capex in a very short time. The US Producer price index indicates a price of $188/MT (Compared to $215 MTs 10 months ago), and REEtecs R1570/MT was $84/MT is considerably less; the Rand is in the same region as the dollar as REETechs backup date of May 2023, so that doesn't factor into any price disparity. My own view is that the plant is located next to a source of reagent that is priced at below world market rates with potential substantial savings in logistics costs compared to truck delivery. It's a big plus for the OPEX, but not $8 a ton, I'm afraid.
Palabora Copper Plant does not sell sulfuric acid for $8 as stated in the PAE. Only the spent copper refining electrolyte contaminated with heavy metals (Cu, Ni, Zn, Pb, As, Bi, Sb...) can cost $8.
Filter is great reetech talking to himself in a sea of green
SmartPunter
https://www.palabora.com/Our-Activities/Our-products/Sulphuric-acid
- this acid was put into PEA?
As I said, that's what they put in the PEA.
"The sulfuric acid is delivered to the site in liquid bulk tankers and transferred to storage tanks with distribution to the process plant via fixed dosing systems."
Page 86. Phalaborwa Rare Earth Project – Preliminary Economic Assessment
https://www.rainbowrareearths.com/wp-content/uploads/2022/10/PHALABORWA-RARE-EARTHS-PROJECT-PEA-FINAL.pdf
"...delivered by pipeline ..." - This is not true. You're cheating
There is no such fixed price, it varies depending on location.
When you have a copper plant next door with a sulphuric acid waste stream you can negotiate $8/ton delivered by pipeline as have RBW.
Sulfuric acid costs $78, not $8
Foscor sulfuric acid price
https://fos-sa-nrt-wp.azurewebsites.net/wp-content/uploads/2023/07/May-2023.pdf
USD/ZAR - US Dollar South African Rand
https://www.investing.com/currencies/usd-zar
Bit pointless, thre dropped it a penny last month.
Needs an update from Sprot, the power savings are with $4m per year which add add 8% to NPV, Then there are reagent savings. Also noticed PEA assumed Sulphuric acid cast was market price at $95 per ton. RBW paying $8.
Can see a sub $30/kg production cost is possible.
Berenberg raises Rainbow Rare Earths price target to 38 (37) pence - 'buy'
Prefer Nikola Tesla myself T.Edison was a pretender and a charlatan.
At $400k and $1.2m per ton, someone is convinced.
Not Turnip for Brain, obviously.
“First you come up with something. Then you convince others that it is vital for them” T. Edison.
Even when you account for producing double the Dy TB that RBW will produce.
Another ionic clay producer that is perfectly viable but less profitable than RBW.
PEA is here.
https://assets-global.website-files.com/6267a587be31507747a1c8b6/65aebbed8b366c4e97f4c1f9_PR_Carina%20Module_PEA%20VF_clean_2.pdf
Few points, they are using prices at 2.5-4 times todays prices.
Cost of production ($125m/year) is twice RBW for 30% less metal, and it's Carbonate so max 65% benification.
Even so capex is over double RBW.
If we use todays prices the project is only barely profitable
If I want a puerile or rhetorical conversation I have young relatives that would be more entertaining than entering into discourse with you Reet
Fulmar29
"The Chinese import over 50% of all the raw materials they use and are reliant on mineral imports and processing for their strength. "
What is stopping the West from doing the same?
What prevents the West from doing the same?
Lack of technology, specialists, or...
1. "The mixed carbonate concentration of REEs is an impressive 91.9%, with very high content of DyTb (4.7%) and NdPr (26.4%), facilitating further separation and recoveries."
2. "..low average production cost of US$13.1 per tonne."
Https://www.proactiveinvestors.com/companies/news/1039144/aclara-resources-unveils-robust-pea-for-carina-module-rare-earths-project-1039144.html
" In the first quarter of 2024, the company aims to produce REE carbonate samples by processing ionic clays at its pilot plant located in Chile. "
It's not just RBW that's important. Western production of REE is important and the Chinese are doing their best to destroy the grass roots of Western REE production by reducing prices and ironically at the same time limiting exports so it doesn't cost them too much money. The Chinese import over 50% of all the raw materials they use and are reliant on mineral imports and processing for their strength. They are vulnerable on many fronts REE, Copper to name just two. It is important for pollution purposes that China do not keep their stranglehold on REEs, let alone Western security.
Mumbles I realise the We doesn't represent you and it's why I read your comments. I haven't denigrated PRE on Hive, just pointed out simple verifiable facts. You can challenge those facts with evidence, if I'm wrong I am happy to admit.
I really don't want to discuss this any more its dead and done.
BTW, no-one wants to discuss RBW either on Hive, far more interested in endless talk about why xzy sheitshow is not going bankrupt just yet.