Where is the "Imminent" Scoping Study ., page-27

Hello. You are claiming MEI will be $2 per share or a $4 billion dollar company?

MEI is current at 15 cent company that many have to raise AUS$360M to build a mine. If MEI was lucky to borrow 2/3 of the CAPEX, they still need to raise $120M at lets say 15 cents, which is another 800M shares so your $4B is now a $6B company.

If MEI produces "concentrates", they only receive say 50% to 70% of the REE oxide price, depending on the quality of the concentrates I guess.

LYC has a REE refinery. Currently the LYC mineral deposit basket price is around US$13/kg yet LYC last quarter sold for an average price of US$29.81/kg.

While the LYC mineral deposit (Mount Weld) is 23.3% Nd-Pr; last quarter, Nd-Pr comprised of 48.6% of LYC's production. That is why LYC can sell for US$29.81/kg at current prices.

But it appears if MEI do not build a refinery or higher cost plant, they cannot separate the various earths in what they sell. If MEI must sell a "TREO Concentrate", they will not receive much at current prices. If MEI receive 70% of the oxide price, MEI might receive around US$10/kg at current prices.