Now, this is almost certainly an error of mine, not of theirs. But their Teleavour plan is from mica. OK, yes, sure there is much of that down there. Very similar to Zinnwald Lithium and European Metals – the processing system will be near exactly the same in fact.
Is this chemically possible? Sure. Business-possible? Well, they’ve done the numbers, not me.
But this, to me, is one of those blaring red-light neenaws.
High value by-products: kaolin, caesium and rubidium,
Potash, Amorphous Silica, Gypsum – Test work underway
Sure, kaolin, that’s China Clay. It’s an old China Clay pit so, well, obviously.
Again, this could just be me. But anyone claiming Rb as a valuable byproduct has some definite convincing to do to me.
High value co-products (caesium, rubidium & potash fertilizer)
Potash, sure. But rubidium?
The US uses a couple of tonnes (that’s two tonnes) a year. The prices given are catalogue prices. That is, this is the cost from a catalogue where copper will cost you $60 a gramme (as opposed to $7,000 a tonne in quantity). So, including the cost of the stock, the catalogue, the overnight delivery, the certainty of supply and so on and on.
A couple of tonnes a year, sure, there’s a business there. Hell, I ran one doing exactly that for a decade even if with a different material. But a high-value coproduct on a $250 million mine? Gerraway.
Please do note my point here. It’s not that Rb can’t be mined and sold in small quantity. It’s that anyone using Rb as an example of a moneymaker has achieved my scepticism.
Other parts of their story I think sound excellent – I know, independently, that the extraction from geothermal is viable in the chemistry set sense. Even, from the horse’s mouth, that it’s viable cashwise.
But I just can’t get over this prejudice that folk talking about Rb markets aren’t being serious.