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Gold/Mining/Energy : Geomega Resources

GOMRF 0.270

0.0%

Dec 23 1:48 PM EST

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To: Combo who wrote (13)	9/20/2012 2:57:17 AM
From: sense	of 39

Here's a "price list" for the REE that's not exactly current... en.smm.cn How do the numbers here compare to what you used in computing value per ton ? The Renminbi exchange ratio is a bit over 6 to the dollar, currently.. ? So, they're saying basic REE concentrates are priced somewhere around $11K to $13K per ton after being concentrated to 42% to 45% TREE. That would make ores with 1 1/2% TREE worth around $433 per ton... minus the cost of mining and minus the cost of separations to get them to the 45% concentratoin level. Separations, as you can see from the price list... can add phenomenal value... with some oxides doubling in value with separation., and others, like neodymium, worth 10X more after separation to the 99%+ level. I think GOMRF are saying that their deposit features a very high concentration of neodymium... ?

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