dud, page-25

I think that the project is probably borderline economic or is uneconomic at todays REE prices.
So I guess they have 2 options.
The first is to once again delay a FID
The second is to have to say that the project is not economic at todays REE prices.
The first option is the lesser of 2 evils as regards the effect on the share price.
Then hope that REE prices pick up over the next 6 months.
As hard as this is, we are probably in a better position than many resource Companys at the moment who have to close down operations, put mines on care and maintenance and let staff go, due to metal prices being smashed.
Just hope we dont have to raise cash at these share prices.
Maybe staff can take a haircut.