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Any news on TECHMET's three month $50 million option in the Phalaborwa venture?
https://skillings.net/techmet-takes-50m-option-in-rainbows-phalaborwa-project/
American Rare Earth deposit (3,296ppm TREO) is indeed huge however the concentration is lower than that at Phalaborwa (4,400ppm) and that of Uberaba (5,800ppm). In addition the Rainbow deposits are chemically cracked and on the surface reducing operating costs, though there is a question mark on logistics and freight. American Rare Earths appear to be looking at beneficiation close to the mine.
I am not trying to diminish the opportunities of American Rare Earths, as it comes with some political and logistical positives, more flagging the creditability of the Rainbow offering.
In the very near future the world will need to accredit REEs and the toxic radioactive sludge lakes in China will weigh heavily against their supply, and the West will need every manufacturer/processor it can get. No-one shouts about it ATM as there are very few alternatives.
Rare earth are common. Digging them out of the ground is cheap and easy.
Refining them into NdPr is 95% of the cost.
It takes 15-20 years from discovery to production for a mine to go into production- more than the current production life span of Phalaborwa.
Https://americanrareearths.com.au/wp-content/uploads/2024/02/ARR-Febraury-Presentation_FINAL.pdf. - great news.
Uber. Done deal ?? When I announce it....!
Https://www.brrmedia.co.uk/broadcasts/65c224e23fb3f51bf67d2d99/event/
It might just be the rappers fan club :-)
Https://stockhead.com.au/resources/victory-metals-ability-to-produce-a-valuable-low-cost-mixed-ree-concentrate-is-great-news-for-north-stanmore/ - the test work confirms low extraction costs with forecast key unit operating costs
I think you might be right ,or somewhere close Christin as every time he posts it's such drivel and quite often wildly inaccurate and I LMAO at the WUMAO
SP - this link to wiki explains all about “wumao”, and RT is surely a paid up member of the 50 cent party
https://en.m.wikipedia.org/wiki/50_Cent_Party
You really are Chinese ain't you?
It was smooth on paper but forgot about the ravines
>>- Nice little bonus for very little (if any) extra Capex or Opex.
Increase the NPV by 250m if we include the Gypsum oftake at $5m/year.
Brings down out project dilution from DFC even more.
The final figures from the DFS (over PEA) are going to be interesting: -
Reduce Sulphuric cost due to local deal
Reduced (50%) energy costs due to lower leach cost.
Reduced Reagent costs
Gypsum offtake ($5m/ year plus residual low term income for 60 years)
SEG off take.
There will be inflation to bump up the costs
26.5 x 1000 x 500 = 13.25m Euros/year - Nice little bonus for very little (if any) extra Capex or Opex.
SmEuGd Oxid, TREO 220g/L min, Eu2O3/REO 8%min - 26,5EUR/kg
Https://en.institut-seltene-erden.de/aktuelle-preise-von-seltenen-erden/
A heck of a lot
How much is 500 tpa of SEG worth?