Yes DDzx, that's what I had thought - best grades of phosphate...

Yes DDzx, that's what I had thought - best grades of phosphate of around 15%ish, if I recall.

A raise at these prices will dilute the register 10% or so I guess. If there is an argument to curtail the budget, then for my money, I would prefer the infill drilling and extensions into the low grade zone become limited and very strategically targetted. The current resource stands with sufficient merit to my mind. They could put a few holes out and about to come up with an "exploration target", and if there are some more tons to dilineate into the high grade then limit themselves to adding just those into the resource.

IMO, the key is the metallurgical work and proving that the orebody can produce REE's to market in a cost competitive way. That in itself, should get more "bang for buck" than plodding along with systematic but costly drilling, IMO.