TICKER: TSM:TSX.V; TAS:NYSE.MKT; TASXF:OTCPK; T61:FSE
Tasman Metals Ltd. is a Canadian mineral exploration and development company focused on rare earth elements (REE) in Europe. Tasman's flagship project is Norra Karr, located in infrastructure-rich, mining-friendly Sweden. The project is the fourth-largest heavy rare earth element project in the world and the only NI-43-101-compliant REE mineral resource in mainland Europe. The Inferred resource of 60.5 Mt. averages 0.54% total rare earth oxide with 53% heavy rare earth oxide that is unusually rich in yttrium and dysprosium and can secure an REE metal supply for Europe for many years.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
The Metals Report Interview with Luisa Moreno
"Tasman Metals Ltd. is working in parallel on a different project. It's showing very high levels of HREEs. The company is still focused on Norra Kärr and has been updating its metallurgy work. The process has been positive. It's targeting production by 2016."
Kiril Mugerman, Industrial Alliance Securities
"Tasman Metals Ltd. presents robust economics with favorable metallurgy, jurisdiction and infrastructure which render the company one of the best investments in the HREE sector with the largest upside potential to shareholders. Based on this, we initiate coverage of the company with a Speculative Buy rating."
The Metals Report Interview with Chris Berry
"Tasman Metals Ltd. now has two HREE deposits in Sweden, both of which are NI 43-101 compliant. The Olserum project has an Indicated resource of 4.5M tonnes at .6% TREO and an Inferred resource of 3.3M tonnes at .63% TREO, all at a .4% TREO cutoff. The company tells me that the five critical REEs comprise up to 40% of the REE content in the deposit. The mineralogy is characterized by xenotime and monazite, which are well known from a processing standpoint. Tasman's other resource is Nora Kärr, which at a .4% cutoff shows an Inferred total of 60.5M tonnes at .54% TREO. The mineralogy is characterized by eudialyte, which I am told is relatively straightforward from a processing standpoint. A PEA has been published on Nora Kärr and indicated a capital expenditure of $290M, which includes a $66M contingency. As far as REE projects go, this is a very manageable number.
"The company continues to be managed well, and its infrastructure is sound—one of the main reasons for the relatively low capex, in my opinion. It's the only NI-43-101-qualified resource in the entire European Union. In this case, I think many are overlooking an incredibly strategic company and asset. I could easily see a European automaker like BMW taking an interest in the company due to its proximity to European population and the quality of its assets, which could be integrated into a global supply chain. . .One catalyst is to push forward with the environmental permitting. In addition to this, the company will continue to optimize the metallurgy and recovery rates at Nora Kärr."
Brien Lundin, Gold Newsletter (Jefferson Financial)
"Tasman Metals Ltd. announced some intriguing results from its confirmatory drilling program at Olserum. . .the more valuable heavy rare earth elements comprise 34% of the total rare earth elements (REEs) content, while the five 'critical' REEs amount to 34% of the total resource. . .the company is one of our long-term value plays and remains a Buy."
Shock Exchange, Seeking Alpha
"Tasman Metals Ltd. trades at 7.7x multiple of book value, which is well of above the median of 1.4x for the industry. . .the company has the necessary working capital to sustain itself for the near term, access to capital markets to fund future exploration costs and rare earth minerals most commercially viable and deemed most 'critical' by the U.S. Department of Energy. . .for investors looking to add an aggressive growth stock to their portfolios, Tasman's upside potential may be worth the wait."
Tasman Metals Ltd. Content
TSM: Quality HREEs
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