Nope, you are spot on. No viable pathway to process these non ionic clays without over a billion in Capex for just the MREC. Basic Activities not done/delayed by management in favour of mindless drilling. Register is doo doo with top 20 holding 20% and the top holder is an ATM facility.
Ann: 8m @ 5,716ppm TREO- Jupiter Drilling Continues to Outperform, page-308
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