Still early days on the rare earth minerals, but this is where money is made on junior miners. It is like being given a free lottery ticket, while you are on a Caribbean Cruise, even it it doesn't win no harm done.
I have to restrain my enthusiasm somewhat as Back Angel is not a greenfield site, and these rare Earth minerals were there all the time but just not appreciated.
I'm not sure I would buy the stock if it was just Black Angel but given the history of the mine and the relative lack of exploration around it, it might have been a reasonable speculation by itself.
Packaged as it is within a company heading towards being cash flow positive I am happy to let it play out as a free carry.
Tangent to the presence of Rare Earth minerals is the availability of processing capacity. That is where the Chines have established their dominance. There is however an emerging technology that could well be a game changer.
Metallium Limited (MTM.AX) is pioneering an approach to extracting rare earth minerals from circuit boards, ores or slag.
The basic principle is that the impure material is vaporised using short intense bursts of electric current. The metals can be reacted with Chlorine and the optimal temperature can be adjusted so that different metal chlorides form under given conditions.
This salt is highly concentrated and can be extracted and further refined.. Research is ongoing but if they are able to develop this technology at scale this could be a game changer. They have a plant in Texas that is being used to test the commercial potential of the existing technologies.
Still early days on the rare earth minerals, but this is where money is made on junior miners. It is like being given a free lottery ticket, while you are on a Caribbean Cruise, even it it doesn't win no harm done.
I have to restrain my enthusiasm somewhat as Back Angel is not a greenfield site, and these rare Earth minerals were there all the time but just not appreciated.
I'm not sure I would buy the stock if it was just Black Angel but given the history of the mine and the relative lack of exploration around it, it might have been a reasonable speculation by itself.
Packaged as it is within a company heading towards being cash flow positive I am happy to let it play out as a free carry.
I think the real play is US funding for Black Angel - it's almost as if REEs being in place is just another box to tick before this happens.
We shall see - Nalunaq alone is enough to justify the mcap.
Tangent to the presence of Rare Earth minerals is the availability of processing capacity. That is where the Chines have established their dominance. There is however an emerging technology that could well be a game changer.
Metallium Limited (MTM.AX) is pioneering an approach to extracting rare earth minerals from circuit boards, ores or slag.
The basic principle is that the impure material is vaporised using short intense bursts of electric current. The metals can be reacted with Chlorine and the optimal temperature can be adjusted so that different metal chlorides form under given conditions.
This salt is highly concentrated and can be extracted and further refined.. Research is ongoing but if they are able to develop this technology at scale this could be a game changer. They have a plant in Texas that is being used to test the commercial potential of the existing technologies.
Hi Charles
I was wondering if you have looked much into 80 Mile? It seems to have some interesting potential in a couple of areas on Greenland.
Cheers
Andrew