Ann: Maiden Trial MREC Product From Sybella REO Ore, page-113

This was in reference to a comment cross-promoting SGQ I believe.

BRE is already significantly valued with a market cap over $750m (around 75% of its shares are in escrow).

Nonetheless, it has the highest REE grade deposit in the world (a combination of monazite sands and hard rock), which is accompanied by high-grade Niobium and Uranium - so they're not a fair comparison for RDM, albeit they'll most likely be the dominant REE player of the future. The scale of their project is just ridiculous, and any metallurgical challenges they face are EASILY offset by the uranium and niobium 'byproducts', which are so significant that BRE could operate solely off mining one of those two metals. Moreover, the monazite sands sit above the hard rock deposit, both with exceptional REE grades, suggesting a cost-effective bulk tonnage mining strategy. And the most important part, BRE does not need to produce a concentrate to the level of MEI or RDM, they can essentially just sell their high-grade ore direct to a processing plant (e.g., Lynas), bypassing significant costs to achieve a marketable product

Holders include Gina Reinhart among other big name sophisticated investors.

FYI I am not a holder.

DYOR.