The document discusses rare earth mine costs and provides examples of cost calculations for two rare earth projects:
- The Avalon Rare Metals underground project in Canada has an operating cost of $240/tonne of ore or $17,280/tonne of REO, with a startup capital cost of $810 million.
- The Rare Element Resources open pit project in the US has a lower operating cost of $245/tonne of ore or $8,480/tonne of REO, but also a lower startup capital cost of $87 million.