Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-13

Our tenements are great, but, as our directors have realised, the REE market is currently depressed and as such it would be difficult to raise capital to continue to explore, at present. It will turn around before long but in the meantime KFM needs to diversify in both commodities and risk. A decent gold project for example would suit, and, bring a little love back to the company.
Currently, it's too hard to be a " one trick pony" and still find favour in the market, diversification will mean survival insofar as while we have capital requirements