Ann: NTU Browns Range Heavy Rare Earth Pilot Plant - May Update, page-18

The pilot plant gets officially opened 27/07 and it looks like a good while of completing commissioning and fine tuning to prove if it can deliver the goods. Essentially its part one the acid test for these guys. Part two will be locking in good longterm supply contracts. Supported by having large scale JORC compliant reserve. Drilling in Progress.
I've gone in on this company on the basis of stage 2 going ahead before I see any solid returns, yes there is considerable risk however they just keep moving forward. I do have concerns with quality of product, market demands and the chinese investment. Not to forget if the North Koreans get it together they are sitting on billions of dollars or resource to upset supply chains....something for people to
remember for long term investors in resource stocks. However the fundamentals of investing apply high risk/ high reward....or no reward. Off on a complete tangent- Yes finding a big lump of lithium or preferrably cobalt would be interesting I must admit. I hope everyone enjoys their Wednesday.