up down up down...., page-40

At first glance the explanatory notes make sense, relative to the potential upside here the dilution is not overly significant, particularly if it assists the company to better focus on realising that potential.

Most important takeout is them proving up the process at commercial scale and customer acceptance of the product, just as Lynas finally delivered 850t of on spec NdPr to the Japanese after 30 month nightmare.

Obviously a long way to go, but does appear they have finally established a solid foundation, punters can now look forward to a decent run here I'm thinking.