To be clear, I don't believe the tax incentives has to do with mining and concentrates part of our project. Only the downstream processing is subject to the 10% which will be a significant saving, year after year for a maxiumum ten years.
RNU's added value is that we have a low capital expenditure cost advantage on the mining side of things and because these new tax advantages are on all processing operations associated with it, this makes us so much more highly attractive to Offtakers. Not to mention the 185 million in gov support money and approvals we already have in place for the mining and concentrates to begin operations now.
Additionally, if it is determined that the Tumby Bay REE project is an ionic absorbed deposit. Then, we might have a second project for rare earths hosted in clay, which are far better than hard rock sources since they are easier to process downstream with no radioactive waste streams, therefore, don't require such hugh capital outlay making it also a highly attractive proposition.
AIMO, DYOR GLTA(patient)H
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