Funding pure play mines with no vertical integration is difficult.
As long as the prices remain flat, the economic case, even with a tier 1 resource, is difficult to justify.
China's stranglehold on the sector will not relent, as a matter of fact, it is tightening and getting worse.
You need to be independant of China.
You need to be aligned closely with a western market, western defence and western supply chain.
You need to be vertically integrated.
You need to be able to process oxides independant of a mine.
You need robust ESG credentials.
We have all of these....but we just need to get through this orphan period and pivot to commercialisation.
I know they are pushing for funding and finance to get this done...and the APC seems to be our best shot here
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