Agree with your assessment. My aim here is to put Sybella on the...

Agree with your assessment. My aim here is to put Sybella on the same price assumptions as the project studies I am comparing to, IXR just happened to use high price assumptions in their DFS. My thinking is a long term price of NdPr around $100-120 USD/kg, at this price point nearly all Western REE projects in development won't come online without government support (too much CAPEX, IRR<20%), with only the lowest quartile companies like MEI (and RDM) getting over the funding hurdle. Anything long term at $150 USD/kg and higher and there is a host of REE hopefuls that come into play (ARU, HAS, ASM, PEK, IXR, TSX:ARA) which will bring more supply and correct the price.

I am eagerly awaiting MEI's upcoming scoping study with Ausenco so that I can do a head to head. I am predicting their input price assumption will be in line with peers at NdPr $120-150 USD/kg, anything lower and the IRR and NPV doesn't support their $400m market cap IMO.