Ann: West Arunta Project - Luni MRE, page-328

The tin foil hat belongs on you, as you are invested in an ordinary REE project where the feasibility study expects prices to double for their LOM plan to work, yet come in here and expect prices to fall for our commodity.

If the REE price did indeed double, then I would expect we could have a profitable REE byproduct, and we are in Australia, not Africa.

Somehow you think a second rate REE company that's SP has gone down by 2/3rds is worth having your money in, but a Tier 1 resource of Niobium is overvalued, yet you can't work out a value for it, despite all the metrics of resource quality are likely to be number 1 in the world in terms of cost of operation after by products, which is precisely why the current number 1 producer in the world will work closely with us to keep the market growing and prices stable, (before all these exotic compounds dreamed up by AI take over from both) (OK sarc..).

There are plenty of very ordinary projects around the traps that need you to go and save the investors, this is not one of them...