Ann: REO Magnet Recycling Ramping up to 24/7 for Customer Samples, page-24

I totally agree with Craig

For a Company that only has a few months operating cash left in the Kitty and with Four Billion shares already out in the market place; to try and raise funds to bring two separate Projects into operation at the same time is a big ask. Clearly as Craig observed, Belfast is the quickest and cheapest way forward to establish a sustainable cash flow. While Makuuta will be a cash burner for quite some time as it still needs a lot of boxes (several outside of the Companies control) to be ticked before it has any hope of generating profits !

I would be interested to hear how much Belfast will be paying for the 600t of scrap magnets that they plan to recycle in 2024, and will it be going thru the existing test facility or have / are they already building a full scale processing factory ?