interesting Geoff’s point about how it would take around $1B and at least 2 years to be an integrated RE producer like Lynas whereas VML took a path of being specialised in a specific area of the supply chain hence the REETEC and Ucore agreements. Lower cost, faster to market, shorter timeframe for shareholder value. I believe there is another going on this similar path but via a China offtaker - RareX.
Ann: Vital to Redesign Pit After Ore Sorter Exceeds Expectations, page-34
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