Ann: Optimisation Work Materially Improves Rare Earth Recoveries, page-20

Nothing about "oh look at me" i've had many losses in my time. I had only made the comment about the 10 bag return as a large part of your initial posts were intrinsically inferring poor directors meant poor performance. I was merely stating that good directors are good, but bad directors can return profits too.

One could also argue that to an extent the directors of any stock are priced in. For example, Tim Goyder has a pretty strong support as an excellent director. Buys swathes of shares on market. Yet the initial feasibility study for the flagship LTR project was fairly marginal under a higher price that current for spod and also a really really bias exchange rate. There were also a lot of directors of lithium co's that were modern day jesus's 24-36months ago. But almost all of those would have cost people 75% of their capital if you got the timing wrong. In short directors don't make or break a project (IMV) the economics of the project do. (IMV).

I'm not too interested in the forthcoming's of azure though. That's probably more a reflection of the project than the director performance per se', so won't touch too much on that.

Not sure why your post's were modded as i didn't see much wrong with them. They were obviously heavily negative, but there's plenty of heavily positive so i don't have an issue with the posting or you posting in general. It's refreshing to be able to test my assumptions.

Given this thread is about the optimization of the met testing perhaps you'd like to discuss items relating to that. You mentioned you also invest on fundamentals, For example you touched on the capex and opex. Do you have some assumptions for what these figures are, as this may delineate the ease to which i feel they can be obtained.

I have provided a fair bit of information on this in the last 6 months. Post #:44523916 Post #:41955784 is a bit of my summary. Post #:44783725. If you come up with some figures we can delineate those costs and then that will underpin my response as to how that funding will be achieved. IMO debt/equity or combination therein will be acceptable ways to obtain this.

SF2TH