tmr index, page-11

Ausheds

Yes, it will be interesting what CUX comes up with over the next couple of years.

I am eagerly awaiting the flowsheets due in August.

I don't think there is any TREO resource without U/Th, which by the way I find extremely ironic, all rare earth resources will require to be at least processed to the point where U/Th are removed. This will require chemical processing.

Before all the NTU people start saying on the basis of the Dennis paper that there isn't any U/Th in their resource, it would make NTU's resource an extreme anomaly if there wasn't any. This plus the fact that you believe you saw in a report that NTU had U/Th in their resource tends to make me believe there is U/Th in the NTU resource. If I was an NTU shareholder I would be confirming this one way or the other.

I also wonder whether over supply will be a constraint or whether there will be greater use of TREO's if they were available at a lower price?

Cheers