From their prospectus here are the abstract."Average grades of...

From their prospectus here are the abstract.

"Average grades of Total Rare Earth Oxide are 1.72% with 71,700 total tonnes, with 11.0% P2O5 and 187ppm U3O8"

For a relative comparison : LYC Rare Earth Grades are around 11.5% while KRE is reporting average grades 1.72%.

KRE needs to dig at least 10 times for Material from the ground and process it to get similar grades at LYC.

Not only that grades contains low grade uranium also. Whole Equation changes drastically.

Exceptionally high OPEX project.