Ann: DUBBO PROJECT ENGINEERING & FINANCIALS UPDATE, page-3

I read it and thought the same thing!
More of the same about The Resource, how they want to progress it, the research over the last 10 years undertaken with more ' Fine Tuning' undertaken etc etc. The proportion of REE in the resource and the mine life, basically things that are already known!
The 'EYE POPPER' was the costs of construction and operation and it seems that the costs have risen.
This is really a tough project with huge risks IMO and if China decides to crush REE prices it could affect the viability of the plant!IMHO.
Cheaper to get REE from China at this time , unless the plant can be constructed cheaper and its operating cost reduced significantly then it will be de-risked. At this rate , don't expect construction anytime soon.

DYOR ! These are just my thoughts



CONFUSED