Unfortunately MP does not yet have any Proven Reserves to support their proposed operation operation, sure they have some six months of Resources and 20+ years of Inferred. But those numbers were generated back in 2010 before the pit was Rat-holed. There is a massive push back going on at the moment to enable some ore to be mined at the bottom of the pit. But I have yet to see an Exploration drill rig on site ! You can't turn Inferred resources into proven minable reserves without drilling !
Still it does make a very handy processing plant for ARR concentrate once you start mining.
Ann: JORC Resource - La Paz Rare Earth Project in Arizona, page-14
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