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imho

5,436 Posts.

16/01/15

16:27

Post #: 14596126
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Originally posted by Stoops ↑

Imho,

If I remember correctly GGG had problems because the Greenland legislation or was it their Constitution that constrained uranium mining and I believe the level of uranium is extremely high in their rare earths deposit. So not really a good comparison imho.

I believe the company that you alluded to may have permission or license to mine but does it have a licence to process the rare earths. If I am correct in identifying the company you are alluding to, they are looking into producing a reduced grade of concentrate than originally proposed. If that is the case how can they already have permission to process the rare earths? Processing of the rare earths was of course the major hurdle faced by Lynas, wasn't it?

You may remember that Crossland Strategic Metals was originally called Crossland Uranium. The reason being was that they were originally searching for a commercial deposit of uranium and found the rare earths in Charlie Creek instead, thus the name change. The management therefore has substantial expertise with respect to handling radioactive materials.

Further, as I stated earlier less than 0.05% of rare earths will be removed from the alluvial material removed from Charlie Creek and any thorium found can be returned to the alluvial material before it is returned to Charlie Creek. Therefore, the radioactivity of the alluvial fan in Charlie Creek will not alter much from before to after extracting the rare earths from the site. Therefore, imho, CUX will have very few problems dealing with any radioactive materials from Charlie Creek.

DYOR and you might consider purchasing what is emerging as a leader in the rare earth startups CUX.

As stated to imho I believe anyone intending to purchase or sell, CUX do their own research.

Cheers

Stoops

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I think you are right about GGG.
My point was the need for a licence no matter where they are.

Good luck with CUX .
Agree DYOR ,like i did with the shares that i hold.

CUX Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
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Is this the end?, page-37

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chaos reigns markets – so let's take stock of where we're at ahead of December