Ann: Murraydium Rare Earth Project Acquisition, page-41

Patiently waiting for the T+2 trades to come through later this week. Like always, most prices drop back to the capital raising price otherwise we are pretty much giving the sophisticated & institutions a free 50% gain to flip once shares hit the market.

Don't get me wrong, I highly like FNT and was invested for the Tolukuma story and where the progression is going (primarily for drilling as I believe there is some nuggets under that ground). Only problem with TREO is that most deposits aren't economically worth mining due to the high costs of processing the ore (if uranium and thorium contents are high).

First FNT will need to hit a deposit (we don't even know if there is any TREO yet - could be a duster), then commence the usual PFS, DFS & BFS to take to mining. A lot of capital raisings and exploration is going to have to be done. I do like rare earths as invested in PEK.

GL to holders, keen to rejoin in-time.