AKN
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0.00% 0.5¢ auking mining limited

is 0.12% hree is significant discovery?, page-3

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  1. Corundum
    179 Posts.
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    11/01/11
    12:44
    Post #: 7716202
    Hi sydney6791,
    I think the grades are outstanding!!!
    75% being HeavyREE!!!

    Dysprosium (DY) @ 16m ave 119.68g/tonne @ $300kg is $35.90 per tonne alone or Eq to 4.48% Copper.
    ER @ 16m ave 86.43g/tonne @ $640kg is $55.31 per tonne or Eq to 6.91% copper.

    Above represents less than 20% of total REE in weight.
    The dilemma with REE deposits is if you don't get the tonnage it wont be mined, as each REE deposit is different and requires its own individual plant built.

    My calculations could be way off so please DYOR
    AKN Price at posting: 37.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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