5% of World's REE, page-32

Suggesting NdPr prices dictates what comes online cannot be further from the truth. It has to be worked through, and cannot be short cut. Are you aware processes are patented?

You may need to also brush up on your chemistry…as that is what you have bought into here, not a miner.

R&D is at the core of lengthy delays, it is not an old school Fe or Au mine where you explore, drill and dig…

We then move on to the standard DD, and then FID unconditional approvals comes after proof of product. You cannot dumb this industry down.

That is why competition will be far and few between, and if they line up, the process will also take them a decade.

And recycling, will absolutely be needed to support an exhausted supply…