Hi @PennyP
Apologies, that post was a dig at the poster who said it was a good investment originally but not after recent assays - when pursued what had changed he suggested "the geology". Which in my view hasn't changed one bit since the CSIRO data.
Very respectful of your research here. I noted when I "discovered" this stock and started posting you were already here and fully researched.
The return on our investments here now rests pretty much with the metallurgy. I think the rest; eg grades, volumes, access, etc etc are all proving to be sound.
With a metallurgist as MD, five different small explorers in the region, ANSTO, the $$$ value, the world shortage ... I'm backing that an economical way will be found to mine this resource. And when it has been, there are MASSIVE volumes of the ore here to mine.
I assume that part of the current process is cherry-picking the best spots to give the best opening economics. As the mining progresses and revenue builds up they can then mine areas with lower margins. Of course who knows what the value of REs will be in 5 years?
So to me the risk is metallurgy: The reward is large.
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