Ann: Diamond Drilling Commenced at Yin Rare Earth Discovery, page-30

Some things you have to consider:

1: The ore has to be mined - DRE is not a miner. A miner purchasing the resource will have a discount to make it profitable.
2: The ore has to be sorted - There will be rejection of material based on grade in order to maximise efficiency / profit.
3: The ore has to be crushed and separated into a higher-grade concentrate - Loss will occur here too. 10-20% is not out of the question.
4: The ore has to be refined into a pure product. There will be losses here again, but not big ones.
5: The final product is then sold to manufacturers at the prices you quoted.

At each stage, 1-4, there are losses. DRE will be the one eating those in order to be able to sell the resource and allow room for profit down the process line. So while the final product might cost 50K per ton, DRE can only extract a certain percentage of that value in reality, nowhere near the final product price.

But it is good that we have good grades and a high NdPr ratio. That's what you want to see.