Ann: NORTH STANMORE ASCENDS AS PROMINENT HEAVY RARE EARTH PROJECT, page-21

In reading about rare earth competitors recently, it was noticeable that Northern Minerals have seen a higher valuation over the last few weeks. They have a processing contract with Iluka at their Eneabba plant.

Interesting that they are about four times the distance from Iluka's plant as Victory is.
Also noticed that their resource is only 10.81m tons, for 81,450 tons of TREO. VTM 250m tons at 130,000 tons TREO. Much larger.

Only an 8 year mine life at last count for NTU.

Tends to show how big Victory's project is going to be. I wonder if they will have processing capacity for Victory raw material which is likely to be a much higher grade ionic clay feedstock to NTU's xenotime 25% TREO concentrate.
Maybe a couple of year's behind them in terms of production.

NTU MC = $200m (5 billion shares on offer)
VTM MC = $19.53m......one tenth of the valuation....(only 76m shares on offer).

Seems to be a lot of upside potential for Victory.