rebound in ree prices., page-3

Jaded, I think that by all indications management are looking to go down the concentrate pathway rather than the separation of individual REE's like lynas. It plays to our strengths imo.

If we can acid leech the REE's and move into production sooner with considerably lower OPEX and CAPEX then we have a point of difference from other REE producers. We would generate cashflow much sooner and would not require the massive investments that LYC has had to procure from the market. Our concentrate would sell for less of course due to the points above but this would be offset by the lower OPEX and CAPEX. The profitability of this pathway to production will be revealed in the feasibility studies assuming that the met work comes up trumps for acid leeching. This is why the next 6 months is pivitol for PEK in determining the companies future pathway to production.

Cheers

Retrac