I like to use real world examples. Not the made up stuff in...

I like to use real world examples. Not the made up stuff in companies detailed fantasy studies (DFS). Notice how every junior rare earth company is a low cost producer compared to the current producers.

At current prices, only Lynas and Baotou are marginally profitable. Both have much higher grade resources than Nolan’s and the same processing tech. Lynas uses a cut off grade of 2.4% in its resource estimate because anything less is uneconomical to process. Nolan’s uses a 1% grade cut off. Most of its resource has been deemed by Lynas to be uneconomical to process.

But here we have Nolan’s, still very profitable at current rare earth prices. What a joke.

I have a bridge for sale at a very good price of your interested. Seems plenty here would be…