TF, the 2-year-old PEA suggested costs of 0.44/lb for producing EMM.
Jim Powell for LBS in May 2011 thought some inflationary costs (higher price for mining equip.) might mean 0.48/lb.
The generally conservative Larry has probably gotten some early info from Wardrop for the pre-feasibility study that costs might be a bit higher, e.g., given cont'd strength of oil prices, etc., maybe projecting avg oil prices/barrel well over $100 or $120 when AMY is scheduled to be in production (2014).
Larry recently in interviews has suggested 55 to 60 cents/lb. He reiterated to Jay Taylor and Chen Lin in the interview released yesterday that China's and S.Africa's costs/lb have gone WAY UP, to $1.30/lb and will continue to do so b/c of their fast-rising electricity costs (we could add transport costs, wage increases, etc.).
So even if the pre-feas for AMY surprises everyone with estimated higher costs of 65 cents, this is still RIDICULOUSLY LOWER by half than China's or S.Africa's PRESENT costs for producing EMM, one of the most critical/strategic metals in the world.
Again, as NoHype once said at Stockhouse:
China thoroughly dominates world EMM production (98.4%) b/c for a couple of decades they have been THE LOWEST COST PRODUCER IN THE WORLD (and not beating S.Africa's costs by very much, either).
WHAT DOES THIS, THEN, SAY ABOUT AMY's PROSPECTS at, say, 65, 70, 80 or even 90 cents costs/lb? If the pre-feas study comes in with anything under 70 cents/lb i'll be ecstatic.
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