On o'seas family hols for 3 weeks so don't have time...

On o'seas family hols for 3 weeks so don't have time to analyse and critique the SS like I usually do. Fortunately @CORNBRED and kingkev are skeptically asking all the right questions and doing the DD required on study releases, an absolute must, especially early stage conceptual studies full of assumptions instead of facts. Plenty of unsubstantiated ramps about what the company is worth, instos taking it up and out of retail reach, easy money to be made... but fact is shares stil trading below the CR price.

Good project but still not as low cost as I hoped. Some of the dissapointments for me include:

introduction of a roasting stage not in previous met work (calcining stage)

the 2950ppm TREO upgrade to 35,000ppm leach feed at x12 upgrade, now only 10x 3900ppm upgrade to same 35,000ppm. That tells me DS was FOS very recently abou the upgrade factor, and that the 35,000ppm leach feed might be an upper limit regardles of ore feed TREO grade. That is, WHIMS etc can only concentrate allanite to a certain percentage without losing too much out to tailings.

lower recovery of DyTb but 'opined' by the mets that it was a testing error and will all be good from larger scale pilot tests. Possible, and in SS comapnies often assume future improvements to early tests... and, sometimes, recoveries really do improve.

A lot of work to be done and time before PFS and DFS gets more accurate numbers. I'm largely out, but will follow the story.

GLTAH