After lengthy inspection, IMO a highly skewed comparison: Look a...

After lengthy inspection, IMO a highly skewed comparison: Look a little closer and you will see a lot of the data has been massaged to make Makuta look like it is a viable option. As somebody has already observed the PM8 data is ancient (PFS) and we will not be 'Hard rock' for many years.

Massive assumptions as to their CAPEX, OPEX, Recoveries and Basket value ! and worst of all does not appear to put any costs on Land acquisition (Rural and Residential), Environmental protection (Wet mining within an important water catchment) or Rehabilitation ? ie the very reasons why China is shutting down its Clay REE operations ! Hard to see them ever achieving ESG and selling their product into Europe or America, let alone raising the finance for CAPEX.

Fundamentals are a critically important consideration when considering if a Project is viable. Anybody can feed numbers into a spreadsheet, but you have to fully understand how / where those numbers were derived and that they include ALL relevant factors.