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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: Tommaso who wrote (66441)9/25/2010 12:44:54 AM
From: energyplay  Read Replies (2) of 217575
 
Your company, Quest Rare Minerals, has some BIG orebodies, including one heavy in the Heavier REEs, which are more valuable.

One of their projects would need 500 million in capital.

In the present climate, that might get picked up by a government or a Japanese trading firm, like C. Itoh or Sumitomo.

I will make a prediction here :

While in the next 3-4 years we may see only a few REE mines outside of China, probably Mountain Pass and the South African Monazite mines.

However, there will be much more exploration for REEs, and in 3 years we will see the announcements of at least 6 major new orebodies, meaning at least 5 millions tons with a cut off grade of >1.5%.

I don't expect many announcements until late next year, this activity will just be getting ramped up.

So China's leverage in REEs will become more dependent on a low cost structure instead of being the only mineral source.
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