Ann: Sabre - Y8 Rare Earth Ironstone Discovery Confirmed, page-41

WA is a nice place to have a tier one deposit for sure. Even tier 2, or 3. That doesn't help getting 0.3% or 0.4% TREO out of the ground.
I could probably find that in my backyard. Maybe even the driveway.

Certainly nowhere as profitable as 800,000 tons of 6% spod concentrate sold at $2,000 a ton. So again why invest here?

Corruption in Australia is a far worse problem than you think. Here is a lazy 100 billion stolen from us annually for example. There's no country in Africa getting reamed like we are by corruption. We are the tin-pot country now.