SP is doing all the substantiation required, you appear the only person on the planet that rates NTU higher than junk status.
Rather than digging yourself a deeper hole here you'd be better served by considering the ramifications for other Dragon concentrate plays.
Note the average import price for concentrate into China Jan/Nov last year was US$1.81. 30kt x 20% NdPr they even boast they can extract US$364M.
Those that cling to the Fairy Godmother concept that China intends to share any of that value add, with NTU, or any other wannabe with such a feeble business plan, will have a rude awakening.
There is no shortage of RE, far from it, but very narrow opportunity to value add to product.
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