Your analysis is correct kingkev. The company is now gearing up...

Your analysis is correct kingkev. The company is now gearing up for a major expansion over the next year and is building a substantial in- house team to deliver on its goal to becoming a major player in the USA REE industry.
The cost of the new marketing position and legal counsel position will covered by dispensing with the outsourcing of these functions and we will get much more bang for our buck as we will have a 40 plus hour a week searchlight focus instead of being in a queue of clients. I've copied expenses from the annual report below and show relevant expenses in bold. Investor relations alone was nearly 300k.
I am very excited to see our PEA will arrive by June 2024.
With the building blocks now in place, we look forward to progressing the preliminary
economic assessment (PEA), due for completion this financial year.

I am equally excited to see our new director Paul Zink was the CFO of Rare Element Resources who acquired
a USD4.4m grant from the Wyoming State and a USD21.9m grant from the USA Dept of Energy. Once we pocket our grants which should be bigger as Halleck alone is much bigger and cleaner than Rare Element Resources deposits, all anxiety over excessive share dilution will rapidly evaporate.

We are poised at lift- off stage for ARR. We have been battered by a long bear market in junior miners, by downward manipulation of REE prices by China to burn off competition and by a BOT driven downward manipulation of our share price and are at rock bottom. Potential buyers trying to time their entry over the next 2-6 months is a very risky strategy. I predict the move from sub 0.15 to our previous
high of 0.585 will be sudden and violent. It is not predictable.




3. Administrative, exploration and other expenses

Auditors’ remuneration (152,130) (59,743)
Accounting, company secretarial, legal (193,805) (252.108)
Consulting fees (341,181) (149,955)
Directors’ fees (353,106) (221,459)
Share based payment expenses (520,729) (1,436,052)
Depreciation (89,673) (68,350)
Salaries and related expenses (1,055,030) (892,978)
Listing and registry (179,431) (221,097)
Relocation expenses - (95,522)
Marketing and promotion (130,932) (114,490)
Other administrative and exploration expenses (819,368) (374,538)
Uncapitalised exploration expenses - (122,229)
Investor relations (279,830) (176,166)
Interest paid on lease liabilities (9,556) (23,318)
Total administrative and exploration expenses (4,124,771) (4,208,005)