Some interesting info/insight to be found there - thanks for the link.
Lots of analyst coverage on REEs lately on BNN as well. Some conflicting reviews on the "necessity" for increased output from the western world in light of concerns of Chinese hoarding.
It sure seems like the race is on to prove up REE deposits and announce them to the world...and that's all well and good...but I think the two biggest factors for seeing ROI in this sector are going to be:
1) Accessibility/ease of extraction (also see: low Capex/Opex)
2) Elemental composition of the deposit - i.e. WHICH rare earth elements does a company have and at what grade? Are they "heavy" or "light" REEs?
You want your deposit to host high grades of those elements that are in high demand and are poised to see increasing demand for their use in future growth products (smartphones, hybrid/electric cars, etc.)
I don't think we know enough yet about the extent of our REE deposit at Nemegosenda...I'd love to have a clearer picture and be able to better determine whether it's something to get excited about or if we should really just be concentrating on the niobium deposit and let the many, many other companies out there spend their money trying to prove up REE deposits before the proverbial bubble bursts...
The one thing I do know is that Scott is much better informed than I am (he'd better be!) about the current and future prospects for REEs and where Sarissa might be positioned based on the Nem. deposit. We do have a few pots on the stove right now (niobium at Nem., Shining Tree, securing financial partnerships, AFs, lifting of CTO) that it's hard to say REEs are even currently on "the back burner".
Would love to hear your thoughts on our REE prospects DSU.
Have a good one and enjoy the SuperBowl (if you're a football fan).
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