Firstly, Ausheds, I will enjoy having that drink with you and will be very happy to buy you one back.
I would like to thank both you and Borisdog for pushing me to do further research, which I may not have done without your probing enquires.
Borisdog, I think it needs to be noted the management has identified means that recovery rates can be improved.
Further, when we did the figures which I eventually could not complete, the were based on the basket of TREO with estimated prices in 2016, not the current price. The price used is approximately half the price the current price of a basket of TREO of Charlie Creeks resource, so the figures used were extremely conservative.
Finally, if the sand mining of zircon and other heavy mineral resources, with a fraction of the value of rare earths can be viable then it would indicate the sand mining of rare earths can and will be economical. That said all will be revealed in the scoping study due before the end of the year.
It would appear that management feels all is on track for the development of rare earths from Charlie Creek.
I will guess, all going well, this could occur in 2014, which will put CUX in an excellent position to exploit its resource.
Of course everyone should do there own research before investing in CUX.
Cheers
CUX Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
