While I agree with all of your comments, regarding the MRE, OD6 released a huge and high (for clay) grade MRE and the share price did not respond at all - in fact its gone quite a ways backwards. I don't believe the MRE is the catalyst for these Esperance plays any more.
The market might be waiting on your other point - the flowsheet? Or at the least the key inputs a dedicated punter needs to do some back of the envelope cost calcs - acid consumption rate in kg/t, Fe/Al impurity extraction rate, likely strip ratio. We have REE extraction already for consideration.
What's Up, page-87
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