I have to say thay I still fail to understand why a CI would not be interested in funding this project. How much more de-risked does it have to get before they are satisfied that it is worth putting the $$$ up. With the IRR where it is it mervh2k is right in two years the payback could happen or they could expand to 20,000t of RIO and provide great returns after 3 years. I confess to not know too much about the rare earth game and have learnt the hard way here however you would think once the reserve is confirmed and feasibility study complete there couldnt be too much more to wait for. My fear is this will be taken over for next to nothing and I wont even break even. That would be sad considering the resource.
PEK Price at posting:
6.8¢ Sentiment: LT Buy Disclosure: Held
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