Maybe ST but I don't think so. The $20m is to produce a rare...

Maybe ST but I don't think so. The $20m is to produce a rare earth carbonate via soaking the ore sorted concentrate in hydrochloric acid per the industry standard process. This produces a saleable product but doesn't separate the rare earths from one another. That needs a 1/2 B$ plant.

Maybe we could toll treat our concentrate to start with, but I'd say our strategy is as follows:We have a limited amount of ore sortable material. We're looking to build our own carbonate plant off site, to capture all of the profit to the carbonate stage ... straight out of the blocks. We must not give any of that cashflow away, but instead use it and our success to leverage our position into a big plant. We have big aspirations but it's staged. Perhaps it's flexible but that's the strategy I believe.