Ann: Outstanding Salazar RE Beneficiation Results - 5.08% TREO, page-7

Nothing in the Ann suggested that the company suddenly has a commercially viable flowsheet.

These tests are merely a concerted effort at achieving a flowsheet that could get these Esperance clays to a state where they are suitable for downstream processing. Guess what? The company and moreover, the experts that they engage, know that they need to do more work.... the Ann is very clear.

Should they walk away from these tenements and simply give up??? Pffft. NO.

(sidenote: REE Prices / revenue can influence investment decisions and MC just as much as cost.)

Management should be congratulated for another step in the right direction.

IMO this Ann introduced NO red flags that were not already obvious to anyone looking at a microcap exploration company in the Esperance REE game..... the shares are cheap because the play may fail.... otherwise the MC would be much higher.

Scientific analysis from experienced posters is greatly appreciated. Thank you. My input is in no way meant to diminish the valuable contributions of others.

"Move on, nothing to see here" is probably a bit of a harsh assessment IMO.

Good luck to us all.