Hi AU Bull,Here are my thought's, why this company is going No...

Hi AU Bull,

Here are my thought's, why this company is going No where.

1 - My take on the announcement is that the only way we will ever get an approval for a graphite mine in Tanzania is if we also build a processing plant there as well. (1000000000%%%% AGREE, with you assumption).

2 - Kwinana is the only game in town atm for us. (Forget about Kwinana, why would you ship Graphite from Tanzania, all the way to Perth. (Shipping Cost's will be huge).

I currently hold a Rare Earth Stock, with a huge deposit in Tanzania, we have been waiting for the last 5 year's to receive the SML license and has of today, still waiting.
It was announced in the Quarterly, that the Tanzania Government what us to build a processing plant in Tanzania instead of U.K.
The company are currently trying to make the Government happy and are in process of completing a technical assessment and an environmental feasibility of constructing a refinery in Tanzania.

So forget about Kwinana.

IMHO.

Regard's

Rossi70