User AllDutch1234567 2.5 stars March 05, 2015 - 08:27 AM 16 Reads
Post# 23492195 5 stars
RE:Chris Grove on the Ashram figures at Hatch AREPindex
We often get fooled by numbers that are insignificant. This is what counts: Ashram has the lowest cost to produce one kilo of REO in the sector which is $7.91
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Chris Grove on the Ashram figures at Hatch AREPindex
www.techmetalsresearch.com/metrics-indices/...-projects-index/
"In situ" basically means "in the ground". At the Ashram there is, at the approximate center of the deposit the "MHREO zone." This is the "Middle Heavy Rare Earth Oxide" zone and is where we have (approximately) double the amounts of middle and heavy ree's. This is also where we would start mining because of the higher value for the middle + heavy ree's. We could be mining in this area for well over 100 years. The TREO grade is "Total Rare Earth Oxides" which is essentialy the grade of the deposit, across all of the REE's without saying whether these are lights or heavies. For example, Molycorp's Mountain Pass is (approximately) 6.0% whereas we are 1.9%, so you might think that Mountain Pass is "better" because it is much higher grade. However, this is too simplistic because of their distribution which almost exclusively cerium + lanthanum and the market for these 2 elements are very poor, whereas we have a balanced distribution meaning we could sell many other ree's (lights, mids + heavies) that Molycorp cannot or could not in the amounts we could. However, there are many deposits that are much lower grade than us too which is also not good for them, but this is because the fact that these deposits would then have to mine many more times the number of tonnes to make a kilo of ree's; this is why the cost of processing a ton of ore is less important than the cost to produce one kilo of REO; for example, Tasman's costs are about $50.00 per ton whereas our costs are about $92.00 per ton. However because of the fact that their grade is less than30% of what ours is, they then have to process over 3 tons to produce the same amount of material we could with processing one ton - that is why we have the lowest cost to produce one kilo of reo, in the sector which is $7.91. I hope I have answered your questions. Best regards, Chris
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