They need the extra tonnes and mine life since 2017, but without chasing patchier, lower grade, skinner lodes to get there. DRE YIN deposit ticks the box on early drilling MRE. Unfortunately, the entire district has only turned up Bald Hill and YIN so far as large and decent NdPr grades go. A whole lot of lower tonnage but high-grade Frasers deposits would also do it. A very high NdPr price will do it. Maybe that comes to pass, but finding the high-risk, first-loss equity money is the tough part obviously...
HAS Price at posting:
$3.13 Sentiment: None Disclosure: Not Held
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