The drilling comes first to define a resource and then get's somewhere on thinking about metallurgy/extraction
Once results proven, you then let things speak for themselves.
I expect a LIN style run once drill results are announced over time for MTM
Happy to sit and wait.
Note the below drill result of Geomega and Lindian.
Geomega in Canada
- 512.7m @ 1.38% TREO (incl. 0.105% Nb2O5 for 364m of the hole) - Announced 14/02/2011
- "Neodymium oxide continues to be an important component of the TREO with an average grade of 0.24% (2.4 kg per tonne)".
- That's 17% of the Rare earths of Neodymium in the result. (0.24%/1.38% = 17%)
- 544.6m @ 1.41% TREO, Niobium not declared on announcement (Announcement - 22/06/2011)
- 95.5m @ 2.06% TREO + 1.38% Nb2O5 (Announcement - 23/05/2012)
- 780m @ 1.62% TREO + 0.15% Nb2O5 (Announcement - 06/06/2012)
- 222m @ 1.95% TREO + 0.25% Nb2O5 (Announcement - 06/06/2012)
Lindian (LIN) in Malawi, Africa - $400m MC.
- 157m @ 1.75% TREO
- 179m @ 2.47% TREO
- 323m @ 1.43% TREO
- 54m @ 5.49% TREO
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