Ann: MD Video Interview on Hexagon's Rare Earths Strategy, page-7

Am involved in two other process start ups, one extracting gold from spent circuit boards using enzymes, and another using a special chemical process extracting all five constituents of steel process slag waste product. Both of these are in a similar stage to HXG. All three should hit the full production proof of concept at the same time. From what I'm understanding all three are subject to the original process scaling in a linear fashion with scale economies in cost as volumes increase. My pick is that HXG is the least likely to come off and is probably last in the queue. However, I won't be selling as I see this as an all or nothing punt, either it works or doesnt. Will be rather excited if the prototype production plant works and they head down the processor path rather than the licensing path. Only time will tell. Expect to buys this in the dips between news. 9 months is a long time for many with shorter term views. AIMHO