The post indicates the mineral is not economic to mine, not there is no industry for it.
"Grade is king - If you have double the grade and and 50% recoverys its still better than VMM at 70% and 2600ppm."
This is not true.
1) You are comparing VMM's simple AMSUL, room temp, 30 mins, 70% recovery to RAU's AMSUL,80c, unknown duration (could be 16 hours?) at 40% recovery. The costs are vastly different and its comparing apples to apple cider vinegar. Sad.
2) You are comparing VMM's MRE to some arbitrary drill ppm for RAU. You know these miners focus on high grade areas no the average TREO.
Ann: Investor Presentation - June 2024, page-14
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