Ann: Heavy Rare Earths Pilot Plant nearing completion, page-6

No one is making "predictions", simply stating the obvious.

Ore grades ~1% TREO and they need to get it to 52% BUT vitally they need to recover the tiny in-situ grades of 0.008% Tb, 0.053% Dy & 0.004% Lu for the con to have any real value.

To put it another way, they need to discard virtually 98% of the ore without losing any, or much, of those tiny fractions.

Any here making any predictions recovery rates Tb, Dy & Lu?

Then basically they've done mail order on the DYO section of Costco, with Chinese characteristics, then bolted the lot together, 1400klm out in the Tanami desert, remembering no one has ever commercially beneficiated RE from such low grade hard rock totally dependent on such tiny proportions of just three elements..

IF everything works well it could still take them a year or so to be able to produce a con to specification, which is worth a bit over 50% CoP drawing a line thru Argonauts comments. Seems a lot of heartache just to get to the point where you are burning half your cash.

NTU is a long, long way done printing, Q is how much can a Koala Bear?