One of our core GST positions Tasman Metals just released a Preliminary
Economic Assessment which shows the uniqueness of this project to supply
the European Continent with an abundant supply of critical rare earths.
The project has excellent infrastructure and a strategic location to supply
North Sea Wind Farms and European Car Manufacturers with the critical
metals at risk of a supply shortfall in the near term such as neodymium,
dysprosium, terbium and yttrium.
The recent independent Economic Assessment demonstrates that Tasman has a
high percentage of the highest value heavy REE’s. There is no one that can
compete with Tasman's strategic ability to supply European industries with
heavy rare earths. The assessment showed low costs with initial capital
expenditures estimated at just $290 million and a relatively quick before
tax payback period of just 2.6 years.
Listen to my interview with Mark Saxon discussing this major milestone of
publishing this independent assessment and why we may see an increase in
strategic partnerships with the heavy rare earth miners.
"The PEA clearly demonstrates the strong economics of this highly strategic project, with the majority of the projected cash flow sourced from the production of the critical heavy rare earth elements, dysprosium, terbium and yttrium" said Mark Saxon, Tasman's President and CEO. "Norra Karr is one of the largest and most economically robust projects amongst its peers, due to the high contribution of the high value critical rare earth elements, the substantial capital and operating cost benefits provided by existing infrastructure, and the simple mineralogy that allows ambient temperature and pressure processing...When in production, the project will make a very significant contribution to the availability of heavy rare earth elements outside of China, and provide long term security of these metals for Europe...With this encouraging independent assessment in hand, Tasman shall accelerate progress during 2012, with additional drilling, further refinement of our metallurgical process, extensive work on permitting and initiation of a full Pre-Feasibility Study (PFS)".
Read the full press release on the Preliminary Economic Assessment by clicking here...
Disclosure: Long TAS and TAS is a Goldstocktrades.com featured company.