Hi @Headcase I'm not familiar with this project. A quick look at the geology is interesting. They are calling it a hydrothermal deposit which I am also not familiar with and seems unusual. They would need to do a lot of work to prove up a technically sound resource. Generally, I am not a fan of junior explorers going after industrial materials - a complex pathway to production with too much inherent dilution. Industrial economics are the biggest factor for a REE project - being so far from the coast wont help, and is an expensive problem to overcome (even for a world-beater like WA1's Luni). Probably a good move to let a bigger company takeover here. As I am sure @AUchemist will say - there is no way to properly assess the economics until met work is completed.
CPN Price at posting:
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