Ann: Major Increase to Globally Significant Rare Earth Resource, page-25

appreciate the response.

when I ran the calculations myself I had updated the basket price based off the announcement that the recoveries of the high value elements improve the basket price in the concentrate in comparison to basket price of the feed product.

worth viewing the updated table which had an updated annual revenue as well.

and yes I assume a staged capex will be the approach. there's a lot of assumptions which you'd be aware of when doing these kind of things and ultimately will need details to come from the SS to have a better understanding but as a base case and being conservative it looks profitable. low capex is general the hurdle which prevents a lot of explorers getting to mining. it's probably the ace in the hole for the project.

appreciate you dropping in. I'm about to board a flight and thus am typing on my phone otherwise I would have embedded more posts to assist.

SF2TH