If you are suggesting a 30% discount from the TMR 'basket price' then the last figures calculated at a 35% discount from the TMR 'basket price' should give you added confidence that there is a high probability that, at least to the development of a concentrate, the Charlie Creek resource is profitable to exploit.
What was tonio's assumption 20 to 40% of the TMR 'basket price' and you believe he was playing with straight bat.
As a general proposition, I don't like people who feel they can mischievously play with other peoples futures and their will be substantial employment for locals if Charlie Creek is successful.
Anyway, I think this was the point of the exercise with the figures given in the last presentation. I think they show that the costs of the 'wet' and 'dry' processing will be apparently low enough to allow the economic exploitation of the Charlie Creek resource.
That is very different proposition to what some posters were saying last year.
The next part of the presentation was the introduction of the plan to produce a 'final concentrate' on-site.
I do think it is now confusing where the company intends to produce a concentrate of 40% and then refine the concentrate further to what? I suggest we call it a 'final concentrate' for the time being. You would think engineers would be more organised.
I don't think we know nearly enough with respect to the creation of the final concentration process intended to be used by CUX either in the process to be used or the costs.
What we do know is that a 40% concentrate is a good start for the final concentrate.
I think you may be making a good point by referring to Garath Hatch when he said:
"It is a matter of survival, or critical-I can’t stop using these terms- for a rare earth junior to either produce and toll separate a radio-nuclide free, hopefully also lanthanum and cerium free, “concentrate,” or to separate, in-house, the neodymium-praseodymium, SEG, and HREE mixtures in its concentrate, first into classes, and then into the individual critical rare earths in a company owned separation plant purpose built for their needs"
I'm looking foward to the next part of the jigsaw piuzzle, which will be out very shortly.
So far what has been predicted by management has essentially come to fruitition so I believes this bodes well for the company.
Cheers
Stoops
CUX Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
