I have read some articles in both of English and Chinese...

I have read some articles in both of English and Chinese languages and done RE price research regarding to global supply and demand. Long story short, for mid or long-term, I believe that RE price will be increasing in 2025,2026.
Honestly, I think that the market has written Makuutu vaule off IXR company value due to low RE price and the mine is not commercial at this stage (Tim has talked a lot more about Belfast than Makuutu, but never recognise it in the interview), but I'm glad to see Tim quickly found recycling business to add value into the company, and looks like the feasibility study just around the corner. We will see how this business works.
On the other hand, with the RE price increasing, Makuutu mine would be commercial again (fingers crossed), and the market will add it back onto the company value. Currently, the global market is not easy for all the companies, I don't think that Tim is running a life-style company, but just a bad time for everyone. I think that he wants to success than everyone else, because he will make a lot more money than his $300k salary by the time company value is 10 or 15 times than now and also his self-achievement and reputation as CEO.

I have been in out of IXR for few times since 2020, still like what they are doing, hopefully they will achieve what they try to.