InvestorsHub Logo
Followers 16
Posts 1503
Boards Moderated 0
Alias Born 05/03/2005

Re: DewDiligence post# 3079

Tuesday, 07/05/2011 9:58:47 AM

Tuesday, July 05, 2011 9:58:47 AM

Post# of 29405
i haven't looked at the Nature article but somebody looks to be greatly over-stating the significance of this 'discovery'. Firstly, i have doubts of the grade of the supposed ore based on geologic environment. Secondly, the story is written in a way that appears to be deceptive. There is no mention of the geologic context. It is stated that an area of 1 km^2 could provide 20% of current world consumption of REEs without any description of sampling and extrapolations/modeling. Then the authors estimate the size of the discovery at 80 to 100 billion metric tonnes without giving any indication of deposit geometry. That stretches credibility. Even if the WSJ writer doesn't have any technical education, you'd think a claimed 1000x increase over existing reserves would prompt some doubt.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.