I’m with you @mike1989. I don’t see them tipping the scales much...

I’m with you @mike1989. I don’t see them tipping the scales much either.

I am more interested in the bigger picture, and in particular, met work going on in Malaysia, with our existing samples being tested.

I don’t think many realise we have directors who’ve built plants in the past.

I’m paraphrasing here from recent correspondence with the company:

- Directors are linked into the network of rare earth peers.
- Connected to offtake, commodity trading houses, producers, end-users and technical experts.
- Have our own rare earth upstream, midstream and refining technology.

The last point is very relevant as most REE hopefuls are still using tech from the 1950’s, and using that, at current REE prices, regardless of resource size, makes them uneconomic. We have REE companies with $200m+ valuations based on resource size alone, which will simply not come online until REE prices rise significantly.

Our Malaysian Director is a pioneer in the industry. The technology he’s patented could be a game changer in the way rare earths are processed. This becomes especially important as pretty much all REE processing is done in China currently, and that has to change, very soon. I believe he’s working very closely with the Malaysian government at the moment. There’s an opportunity there for Malaysia to build their own REE processing plants and become a big player in the sector. We’re linked in to all this.

Sorry to go off on a bit of a tangent! What I’m trying to get across is we obviously already have a massive resource in Brazil. It’s just not been quantified yet, nor has it been well publicised.

The met work going on, is key to unlocking our value. If it’s very positive and we can produce a variety of metals at very low cost, I’m expecting us to see a parabolic re-rate.

But there’s a long way to go and a lot of ducks need to line up.