Can we get that fairy tale just one more time, for the laugh?...

Can we get that fairy tale just one more time, for the laugh?

"Minmetals Rare Earth (000831) stated in the newly disclosed investor relations activity record sheet that the company is promoting the processing of mining rights certificates for the Shenggongzhai rare earth mine and the Feitian rare earth mine in Pingyuan County, Guangdong Province, as the above work involves a number of approval procedures. It is difficult to accurately estimate the exact time.

It is reported that the Shenggongzhai Mining Area has reserves of mineral resources: 90.7174 million tons of ore, 50388 tons of ion-phase RE ₂ O ₃ resources, 115.8083 million tons of ore reserves in the Feitian Mining Area, and 654.353 tons of ion-phase RE ₂O ₃ resources; Total resources for mineral resources assessment: reserves of 1821.4.96 million tons of ore, 103114.8 tons of ion-phase RE ₂ O ₃ resources, and average (REO) grade of 0.062%; assessment of exploitable reserves: 152.979 million tons of ore, ion-phase RE ₂ O ₃ Resources 86601.5 tons; Concentrate (92% REO) production capacity 1800 tons/year; Integrated recovery rate of rare earth oxides is 85.70%; Service life 52.30 years, Preparation period and infrastructure period 2.58 years, Total evaluation calculation period 54.88 years."

http://newmat.chinaiol.com/xtcl/s/0619/58197590.html

Ionic ore, high HRE values, low cost recovery to chlorides, 50 yrs worth.