That is a valid point about the timeframe for having a meaningful profit from the KMP.
Regarding the location for the second metals plant, I feel that the relevant jurisdiction and/or industry players in the area will likely do the same in terms of funding/investment in ASM/Dubbo/KMP as the Koreans have done. Supply of RE is at a critical point, and has a significant impact on end users' profitability and regional economies. There wouldn't be much point in operating a metals plant when there is a bottleneck on the feedstock to go through it. Therefore it is in everyone's best interests that Dubbo is operational as soon as possible = show me the money $$$$$ I'm sure the US DoD are loving the fact that MP RE is being sent to China for processing.
Ann: USD 15 m Subscription Agreement at AUD 8.90 per share, page-120
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