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  • Lynas Synthetic Mineral Products
    Lynas Waste Products
    The Iron Phospho-Gypsum is 6Bq/g which is a very low non-hazardous product by International Standards. But this is above the Malaysian 1Mu/g regulatory standard.

    A post by kryten on Hot Copper:

    Yearly dose examples
    - Maximum acceptable dose for the public from any man made facility: 1 mSv/year[19]
    - Dose from living near a nuclear power station: 0.0001-0.01 mSv/year[10][12]
    - Dose from living near a coal-fired power station: 0.0003 mSv/year[12]
    - Dose from sleeping next to a human for 8 hours every night: 0.02 mSv/year[12]
    - Dose from cosmic radiation (from sky) at sea level: 0.24 mSv/year[10]
    - Dose from terrestrial radiation (from ground): 0.28 mSv/year[10]
    - Dose from natural radiation in the human body: 0.40 mSv/year[10]
    - Dose from standing in front of the granite of the United States Capitol building: 0.85 mSv/year[20]
    - Average individual background radiation dose: 2 mSv/year; 1.5 mSv/year for Australians, 3.0 mSv/year for Americans[6][12][13]
    - Dose from atmospheric sources (mostly radon): 2 mSv/year[10][21]
    - Total average radiation dose for Americans: 6.2 mSv/year[22]
    - New York-Tokyo flights for airline crew: 9 mSv/year[13]
    - Current average dose limit for nuclear workers: 20 mSv/year[13]
    - Dose from background radiation in parts of Iran, India and Europe: 50 mSv/year[13]
    - Dose from smoking 30 cigarettes a day: 60-80 mSv/year[20][23]
    The radiation exposure limit set by AELB for the public is 1 mSv/year. Problem SMSL? Do any of your members smoke?

    A post by praseo on Hot Copper:
    The IAEA concluded in their Lynas report last June that the concentrate being shipped to Malaysia will have a Th-232 activity of about 6Bq/g. The material will be tested prior to shipping to verify. Even though the material is bagged within sealed containers what if some material escapes?

    The IAEA report page 33, "A simple calculation shows that a daily ingestion of 100mg of material with a Th-232 activity concentration of about 6Bq/g would give rise to a worker dose of only 0.2 mSv per year."
    Allow me to emphasize DAILY INGESTION and 0.2 mSv PER YEAR and consider 250 working days (5 days x 50 weeks) in a year.

    " the NRC (U.S. Nuclear Regulatory Commission) requires that its licensees limit maximum radiation exposure to individual members of the public to 100 mrem (1mSv) per year, and limit occupational radiation exposure to adults working with radioactive material to 5,000mrem (50 mSv) per year."

    Let's do the math to establish how much Lynas concentrate a worker in the U.S. could ingest and be under the allowable limit for radiation exposure according to the NRC.

    If a worker ingests 100mg daily for 250 days and receives a radiation dose of 0.2 mSv per year as the IAEA states, he will have ingested 25,000 mg (100mg x 250 days = 25,000 mg). To receive 1mSv of radiation dose he needs to ingest 5 times the 0.2 mSv amount or 125,000 mg (25,000mg x 5 = 125,000mg). Per year, in the U.S. a worker is allowed 50 mSv exposure. Therefore 50 x 125,000mg = 6,250,000mg = 6250 grams = 6.25 kilograms.

    If a U.S. worker eats less than 6.25 kilograms (13.75 pounds) of Lynas concentrate per year he is within the safety standard of 50 mSv of radiation dose per year.

    Doubtless, Malaysian workers will be trained and supervised to achieve ingestion of less than 13 pounds of concentrate per year and will remain well within the established safety standards. However, vigilance must be maintained in recognition that it is safely edible (from a radiological point of view) and if found tasty, may be excessively consumed.

    Feb 27 2:06 PM | Link | Comment!
  • Wager(s)
    I bet on a percentage basis Lynas will outperform Great Western Minerals Group from today's close till the close of trade in 2012.
    We will use LYSCF for Lynas and GWGMF provided neither lists. If the LYSDY ADR lists we will switch to that. Likewise if GW lists on a US exchange we will convert fair value to that listing. The bet is not for any value but pride at this point. I would like to suggest if the loser sends the winner a T-Shirt from their town if they lose to increase the fun. Tshirt offer open to all. If there is a takeover of either the wager ends and the winner is decided based on the last trade of the company that disappears. The starting point is:
    Jake (Rare metal Blog) Versus Chihawk
    LYSCF $1.15
    GWGMF $0.44

    Others welcome to take a side as well. Just request to pick a side here or on my INBOX. Names will be edited and attached to this Insta to keep track.

    Also, egg and I, I say Lynas first feed before LCM gets first furnace promised in November and supposedly paid for and waiting on parts from tsunami stricken Japan. For reference it is the tsunami in March 2011 they referred to as the excuse. EGG WINS!!!!!!!!!!!

    Feb 20 10:12 AM | Link | 5 Comments
  • Molycorp Phoenix Drawings to Photos Progress

    Recently, Michael Gambardella and analysts at JP Morgan cut estimates on Molycorp due to the large supply of Cerium (Ce) and Lanthanum (La) expected to enter the market in 2012 from Lynas and Molycorp. The expectation is this could create oversupply and drop the prices of these two products. I disagree with this position. Firstly, I do not believe Molycorp's Project Phoenix will produce a single ton of rare earth in 2012. And second the Lynas Corporation (Lynas) is far in front of any other rest of world rare earth project and will enjoy attractive prices into the future. Lynas will be the most advance rare earth project in the world by Q2 2012. The Lynas Advanced Materials Project (LAMP) has moved to the public disclosure stage in it's Malaysian approval process. This public disclosure is more of a governmental notice procedure and indicates the debate over LAMP is winding down. The advancement suggests Lynas is in a clear frontier position outside of China in this market and is far ahead of others.

    To understand this conclusion an understanding of these Rare Earth Processing Plants is required. The Lynas Concentration Plant is fully buil and producing with above expectation recovery rates. The Lynas Advanced Materials Plant is nearly fully built (over 85% complete in November 2011) and is expected to have first feed in Q1 2012.

    Molycorp's Project Phoenix is "On time and on budget" according to Molycorp's CEO Mark Smith. Based on the information on their web site I disagree. The photos below are currently or were on the site unless linked from elsewhere.

    The old drawings are in this analyst day presentation at:
    (Slide 10)
    (Slide 9)

    36 Acre Separations, CHP, Salt Recovery, Ancillary Facilities

    Above Google Earth Image shows 36 Acre Separations, CHP, Salt Recovery, Ancillary Facilities in 2009 (Pre-Project Phoenix)

    Above 36 Acre Separations, CHP, Salt Recovery, Ancillary Facilities (in background April, 2011, old plant in foreground)

    Above September 2011 Separations, CHP, Salt Recovery, Ancillary Facilities

    Below-Slide 19 appears to show a close up of what Moly now labels as the Site of the New State-of-the-Art Separations Facility in Slide 26 of this presentation:

    Above note the forrest green building with four "smoke stakes" and the current CHP has only two. Also note the large number of color buildings in the drawings not even started in the construction.

    Below is a more recent drawing of the Separations, CHP, Salt Recovery, Ancillary Facilities. Here the pink building shows four black "smoke stakes" and the current CHP has only two. Also note the large number of color buildings in the drawings not even started in the construction.

    Below September 2011 photo of CHP

    Above and below September 2011

    So either there has been massive redesigns from the analyts day drawings or there are a large number of foundations yet to begin. Either scenario seems very bad to me. And if Moly is going piece meal I see multiple bottlenecks and confusion in the future. Overall, this project seems very different than the promises Molycorp is making.

    Below is the December photos of the Separations, CHP, and Salt Recovery.

    December 2011 Above is the full 36 acre Separations Pad Site. The CHP is built with no gas line available, while other fondations are just beginning. And based on the drawing of the Serparation Site several buildings have only grading work one year into the project.

    December 2011 Below to the right is the CHP but the rest of the color drawn buildings in the slide above are just starting.

    December 2011 Below one full year into the Phoenix Project and this foundation has not received concrete.

    December 2011 (Below) On the other side of the CHP the iron in the foundations is not yet placed.

    Mill Area

    Above Google Earth Image shows Mill Area Construction in 2009 (Pre-Project Phoenix)

    Above and Below September 2011 Mill Area

    (Note the worker in the photo for scale. This foundation is about the size of a suburban house. I assume the structure is an internal piece of a bigger structure.)

    Below December 2011 Mill Area the prior concrete structure is encased in framing (left)and the Shell of the Ball Mill building is built (behind). The Ball mill is in the shelled building.

    Below is the reverse of the construction site.

    December 2011 Below Here again the work is mostly at a foundation stage:

    And even the more advanced large building is only at a framing stage:


    Google Earth Image shows Crushing Facility in 2009 (Pre-Project Phoenix)

    Above September 2011 Crushing Facility

    Below December 2011 Crushing Facility

    Paste Tailings Plant

    Google Earth Image shows Paste Tailings Plant in 2009 (Pre-Project Phoenix)

    September 2011 Above and Below Paste Tailings Plant

    Below December 2011 is the first structure on the large Paste Tailings Plant Site:

    But this structure is only a small part of the Paste Tailings Plant Site.
    Below December 2011 The full Paste Tailigs Site:

    And the road ahead looks even longer when the enitire Paste Tailings Site and Crusher Site are viewed together.
    Above and Below December 2011 Paste Tailings Plant Site With Crusher Site:

    I know the compare is challenging. But there is something here for certain. I appreciate if others can see my point.
    Perhaps the LAMP build offers a compare. The LAMP is almost fully built but below is a slide from February 2011:


    It will be interesting to see how this progresses but I have my doubts. Moly has spent most of their construction to date on the CHP with it's two gas turbines. I find this odd since Kern River is saying the lateral gas line to Mountain Pass is not anticipated till summer 2012.

    Tags: molycorp mcp
    Nov 01 10:48 PM | Link | 13 Comments
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