This Rare-Earth Stock Could be Sitting on $80bn

MoneyWeek reported that Tantalus Mining (ETR:TAE) owns a potentially lucrative rare earth project that could alleviate current supply concerns.

As quoted in the market news:

So far Tantalus has made a preliminary in-house resource estimate of 55 million tonnes of ore grading 0.084% rare earths. With a sale price of $180/kg this has a market value of around $8bn. According to Ivan Murphy at Tantalus, the production costs would be no more than $7/kg.

Click here to read the full MoneyWeek report.