Yes agreed on REEtec, but I was wondering if they have released any analysis on what they could sell the concentrate for. I wasn't talking about the REEtec agreement. Just be careful there, my understanding was the 42m is pre costs to produce it and then on top of that the nature of the profit splitting hasn't been revealed as far as I can tell.
I figured VML will need funding based on my calculations for some sort of separation facility for part of the separation process and that they would use the proceeds from the initial mining to fund the drilling to be able to get that funding. Then the rest of the separation process would happen through some sort of arrangement with SRC. But maybe I'm wrong there?
On the little dilution front, you may want to take another look too, I think of HAS, PEK, VML, it has the most number of shares outstanding.
I like your other points, thanks! Will have more of a read.
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