NTU v. LYC v. the rest, page-15

Seriously you're kidding yourself, NTU have demonstrated nothing, no financial metrics either COP, or sales values, nothing like consistent production, which has failed to make even the basic 52% TREO specs to meet their Chinese offtake agreement, it is a skinny little ultra low grade resource, attempting to produce basically a single product into a tiny mkt that will never be more than a few ktpa and very much dominated by China.

Zero "potential for exponential growth" here, they simply don't operate in a segment of the mkt that could provide that, regardless NTU's total failure to demonstrate any capability.