LYC 1.56% $2.60 lynas corporation limited

So this is a total guess. I went back to the 6/8/2018 resource...

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    So this is a total guess. I went back to the 6/8/2018 resource upgrade released to market and that page 33 slide is accurate for the most part.
    The 3000kt of mineral resource and 1690kt of ore is reflected in the resource upgrade.
    What isn't there is the 20000kg p.a of Sc2O3 in concentrate. I couldn't see any reference to those numbers in the document. Though Scandium is mentioned.

    According to https://investingnews.com/daily/resource-investing/critical-metals-investing/scandium-investing/scandium-price-need-to-know/

    Scandium Oxide at 99.99% purity is worth $4.60/g. If 20000kg pa of Sc2O3 can be refined to 99.99% purity then in theory its worth $92million in annual revenues.

    There could be an error with that information.

    This will either be the dumbest post or the smartest post I ever write.
    Last edited by DoubleDown!: 21/05/19
 
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