Here's one for you Stoops:
"The race in rare earths will not go to the best grades - it will go to the mines that are up and operating first. Possibly this is obvious, but probably worth repeating from time to time."
"The report concerns an Australian explorer, TUC Resources," I imagine the author feels they can bring their shallow, clay like deposits to production quickly but equally applies to CUX and at least CUX has a JORC.
Some of the logic appears a little convoluted as it's a report of a report but worth a read:
http://www.raremetalblog.com/2012/07/the-big-picture-ecclestones-reality-check-and-our-more-cheerful-take.html
first not grades...
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