Expect you are right Goofy, perhaps even generous with your timeline, despite their glossy PR it's pretty obvious they've produced nothing saleable, which is hardly surprising given the in situ grades 0.053% Dy, 0.008% Tb & 0.004% Lu, makes a needle in a haystack look simple.
Presentations by two Chinese mag makers @metal Events last week, both emphasised the continuing deletion of "heavies", now continuing up into the higher grade mags with the suggestion it will eventually be eradicated entirely.
This turkey will prove a total waste of Australian taxpayer funds, the Chinese are welcome to it.
Word is, we'll see a totally independent & sustainable HRE supply chain into the US emerge at some point next year, without a glossy PDF in sight, make a mockery of this misallocation of investor funds.
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