Is it time for Care and Maintenance?, page-32

<sup>"Very simple equation, that can't be corrupted by any amount of gobbledygook, the lower the grade the higher the cost of extraction (if only by mass that needs to be processed), the greater the vulnerability to mkt price”
This is where you are very wrong yet again Ausheds and you should research a lot more on how REE extraction works in the industry over finding market charts. Yes volume to be processed is a fator however it is a very marginal one when compared to others. Assuming its anything like what you have just stated as equal as how you seemingly go around valuing REE lodes based on their concentration is dangerously open to correction. When you get too focussed on one company you tend to expose yourself to such mistakes when dealing with others. Feel free to research it and tell me again what then you find and weather its "gobblegook" or in fact what you just said was more so.

“But you have to take into account "future prospects" where you can make up whatever scenario you like to justify your investment decision or sentiment. As an example, NTU forecast DyO price of A$600/Kg+ lol”
Very goofy. Every company in every sector on the ASX has analyst reports (either requested or not) publishing projecting future operation scenarios at its start-up phase. Every analyst projects likely product prices, cash flows and capital requirements given popular forecast sentiment and predictions up until such time. They also usually allow a basket of variance to cater to worst to best case scenarios. Don’t pull upon an extremity as a joke. Rather offering valued information to the contrary would be a more constructive option. All where these analysts with the information to support their statements would most likely prove you wrong.

Additionally the market then prices accordingly weather youre confident on such reports or not. So regardless of your personal feelings on how these projections will affect the investment. A larger pool of knowledge has already decided current worth before you. Therefore it is not a factor to offer any feasible claim to disgrace any start up REE competition in any way. As you clearly overlook the fact the market is a step beyond your limited understanding on how the markets own more knowledgable perception works. As they have already factored your disruptive inaccuracy well into the share price. I suggest you try see the market more as a knowledge base well beyond your own when valuing investment.

Well said Kitty. I agree with all your points. I especially like how you placed technology in there as its one not many mention. I feel we may find in time REEs will increase in value. Profit margins off lowered profits closer to the bone quickly jump in %return and correlation in SP follows far beyond returns made by operating producers with higher degrees of profit. Also the icing is the lode itself as when feasible and accessible it then becomes valued and a higher then Sp correlates further whence its factored in. That’s where larger returns will be made. The spec sector. Rather than existing producers. As to when this happens tomorrow, 6, 12, 24 months no one ever knows. But everyone here feels it’s on its way and then we will see where the profits for investors then lay in bulk.

I watch and would buy and hold marginal NTU holdings for this type of play. Its down trodden and high risk. But should it turn the tables it would offer stellar returns. However my spec stock asset allocation is currently fully drawn on some more tempting shorter term plays all holding a higher probability for their success.</sup>