CUX isn't a "LRE deposit", it is a balanced suite very well...

CUX isn't a "LRE deposit", it is a balanced suite very well matched to market demand with 80% of value spread across FOUR key elements.

Rather the Q is, can any of the ultra low grades, particularly the < 1% like NTU, HAS & CUX, put together a realistic business case at anything like the current prices?

I'd suggest even with the very low grade CUX has as good a chance as any given the low cost alluvial material against hard rock mining, particularly NTU's underground fantasy + SIX little JORCS's. Note they haven't published a combined strip ratio, lol.

Does appear that NTU have realised that the fantasies in their PFS hold zero credibility in the current pricing enviro, particularly for a one trick Dysy pony, and they appear to be tossing most of their downstream processing out the window in favour of a simple 57% mixed carbonate.

Haven't looked at the CUX numbers for a while but I'd suggest NTU's new attempt at realism might vindicate CUX rather well given the very low cost first stage with alluvial and then taking it up to a well balanced mixed carb with something like 80% of it's value spread across FOUR key elements, Nd, Eu, Tb & Dy.

Here's the thing though ltl's, CUX put that sensible approach together 20 months ago, April 2013, while NTU was messing with fantasy & flash websites. Now they've run out of smoke & mirrors and been forced back to reality to produce a BFS based on a one trick 57% mixed carb do you really think they are going to do any better than CUX's 97% carb with FOUR key elements making up 80% of value? Best of Irish luck with that.

http://www.crosslanduranium.com.au/..._SCOPING_STUDY_COMPLETION_15_APR_13_FINAL.pdf

BTW, don't you think it just might be a little sensible to take a peek at LYC's first QR at something approaching steady state before calling the undertakers?