Rare Earths News, page-271

Reporter - "At this point how confident are you that you have a feasible resource?"
Tim - *smiles* "Extremely confident that we've got a feasible deposit....We're expecting a significant increase in the mineral resource estimate which will be out in two weeks...We're anticipating being in production in 2024...Ninety-five percent of the world's rare-earths currently come out of China; going forward there is a complete void in the supply of rare earths. Holistically the world economies are going to have to look at where they are going to source their rare earths from, and there is going to be a tremendous amount of investment in this space."

Gee he is keen eh? Good to see them raising as much as $12m, and it will be exciting to see all the upcoming catalysts (his word) in the coming year.