Yes but I prefer Pensanas approach to minimise capex and ship the concentrate to China where I imagine they could process it cheaper than just about anyone . Infrastructure already set up.
Nothing against arufura but who is going to provide 1bil capex? I see so many projects on the asx with enormous capex requirements, I rarely ever see funding secured for those same projects.
PM8 Peer comparison - Other REE projects analysis, page-606
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