Just deep diving into IXR a bit and I note they got around 40% REE losses going from leach extraction (what MEI share in this release) to final MREC recovery. What downstream loss % are others using when trying to gauge the financials on this project? 40%? 30%?? For example, the average Nd leach extraction for Capao all clay = 65%, if you apply downstream losses of 40% you end up with final MREC recovery of 39% Nd.
