Assays due and only weeks away from the MRE where LIN'S project could well be confirmed as the best rare earths project outside of China. It could play out assays, then MRE (to about 300m) then assays for the two exploratory deeper holes to about 800m.
Also investors might be realising this doesn't have any overhang of large capex in the hundreds of millions being needed if indeed revenues from the Stage One Plant can be used to fund the larger Stage Two Plant. I think only about US$30m needed for the Stage One Plant?
Also given global rare earths demand there could potentially be a bidding war to provide pre-purchase sums of money for off-takes to secure supply from the US and Japan etc.. If that happens there may well be minimal need to raise any funds all the way through to Stage Two production.![]()
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