Yes it was very disappointing. Not only werent there any sandwiches, but no tea or coffee or chocolate biscuits. But on a positive note, the CEO and Exploration Manager did very good presentations. Next year, will be a massive ramp-up in drilling activity in the Brown Ranges, after they finalise agreements with local Aboriginals on the NT side of the border. They were super-excited about recent drilling results and were a little miffed that the market did not seem to fully understand the significance (and the value) of what they had found. John Gaits is still a relatively unknown and they hope to get cracking on it next year too. They are very focussed on bringing product to market in the shortest possible time frame, given the extraordinary high demand for heavy rare earths, esp dysprosium. If they can prove up 5 years of supply, that will be the green light to move into production. They will concentrate on site, take it to Wyndham and sell the concentrate via off-takes (including to Lynas), with a number of possible off-takers expressing strong interest. As to any possible takeover, the CEO said as a listed company, they are always in play. Any potential bidder (guess who?) would however need to negotiate with Conglin Yue who has recently been buying more (he had been diluted through exercised options). In all a very positive update but for the lack of sandwiches, coffee and chocolate biscuits...
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