Printing of Shares, page-44

Perhaps you might make some valid points if VMS was even a fraction of 3%, but it's more like 0.3% (or maybe 0.15%) and that 0.3% is not overburden for 5+%... it's the main resource. Perhaps you might even have a more valid point if LYC was making a decent profit, but it's not (is it breaking even now?). Explain how this being 10x worse can be profitable... even at high NdPr prices?

I can only imagine the CAPEX and OPEX required to screen and separate enough clay to get any significant amount of "concentrate" from this deposit (note this concentrate is not like an ionic MREC). This type of process is not economical at these grades and as far as I am aware there is not a single operational mine on earth that does this for REE clays. This process is not as highly selective as ionic extraction and seems vastly more expensive. Ionic deposits are barely profitable for even higher-grade deposits in places that are more attractive to mine (costwise).

My opinion is you're crazy to think this is even in the ballpark of viable and there's no credibility to your claims, even with back of the envelope calculations.