Thanks for laying that out. I appreciate your perspective - another datapoint to consider and thread to pull on.
Much more compelling and informative for new entrants (or potential new entrants) than calling people here stupid or MRD shills.
Some follow ups: - Do you think the fact that *almost* no ex-China IAC mines are operating be due primarily to the fact that they've been historically undercutting the rest of the world with their low OPEX, environmentally damaging practices? I read an article around Oct this year (can't remember where), that there has been restrictions applied this year to these 'dirty' IAC extraction techniques by the Chinese government, which is one supply-side factor driving up CREO prices. That, plus the current western-world appetite for a secure ex-China REE supply chain... Seems to be there's major structural change in the industry right now. So the fact that there has not been any previous Aussie IAC production doesn't seem to mean it's not a great space to move into. "The next boom following Lithium"??? - I've heard of GA, but am not familiar (beyond a quick google search). Are you? Any chance he might be a moderating non-executive influence that'll help move the management team towards that longer term focus?
Disclosure - this is the only explorer I'm holding, and I have exactly zero runs on the board in this space. Bought in on a recommendation, and I'm liking what I've read of MRD's releases, feeling positive of upwards movement... But looking to learn more.
(20min delay)