Have a look at the credentials of the board of the neighbour AR3 ,the best minds in Australia regarding rare earths. I think they probably know more about rare earths than any posters on this forum including me. I don't think this is going to the moon over night but I do believe FNT will be trading at a substantially higher valuation in a few months time.I think a lot of stale holders took the opportunity to exit today. If any of you are familiar with the Covid situation in PNG at the moment you'll understand the board is being prudent in acquiring a project in Australia and rare earths are definitely a commodity which is going to be in high demand from buyers outside China looking to secure supply.Here's a map of the neighbourhood
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