Since our April 2011 update, there has been a significant update to the data for one project on the TMR Advanced Rare-Earth Projects Index:
- Stans Energy Corp. (TSX.V:RUU, OTCQX:HREEF) published an updated summary of the rare-earth-oxide distribution for its Kutessay II project in Kyrgyzstan, via a news release. The underlying supplemental report has not yet been made public, as of May 19, 2011. The numbers published did not quite add to 100% since they were apparently taken from the lower end of a range for each data point. I have subsequently normalized the data to 100% and used them to update the details for this project.
I have updated the pricing used in the Index data, to reflect the average monthly prices for April 2011 and the moving three-year average price for separated rare-earth oxides.
You can access the details via the Index page.