Coming up to the end of February and still no met results. I've...

Coming up to the end of February and still no met results. I've decided to move my small position on, as IMO no news isn't good news. Hard to blame the REE sentiment on the weak SP, so many REE stocks have been going hard lately. VMS is at $30m mcap on some drilling (no met), ARR nearly $200m and a 4 bagger in last month.

I think the market needs to see on spec MREC produced from HRE flowsheet. No clay hosted project running a leach pH less than 3 has achieved that and it's got to be a huge technical risk for these projects. Based on my reading the MREC needs >50% TREO grade and <0.1% aluminium. Run down of who's had a go so far - VTM - 12% TREO grade & ~1% aluminium, AR3 - no spec shared but their offtake partner told them to try again (and the offtake news then went dead silent), IXR - no spec shared, waiting for the demo plant to prove they can make on spec MREC.