RE: Research by SP Angel?24 Jun 2020 17:52
Rainbow has produced and shipped 1,600 tonnes of high-grade concentrate from the Gakara Project with an average grade of 57% total rare earth oxides of which over 19% represents high value Neodymium and Praseodymium oxide used for the manufacture of permanent magnets
done one off my quick clacs that above comes to 7 million for the 19% alone (stuffs 40k a ton)dont know how much profit that is but they do say they dont process it much
anyone have an idea what the value of that income alone would affect the company....christ the mcap is 11 million