Next Year will be our Year, page-6

Yes and no Everest. We will be selling the concerntrate to a Special purpose vehicle (owned 50\50 by GML & Shenghe) and paying a Toll processing fee for refining. Then the end product is jointly marketed and (hence collect 50% revenue).

Considering REE is 80% of the project revenue (if we built the refinery as well), we still collect circa half that while saving circa $361 million capex. Plus we keep all the uranium, zinc & fluorspar byproduct revenue.

That’s all rough back of the fag pack stuff but nothing as moronically diabolical as that moron keeps going on about (you know who I mean).

Either way, prospects are excellent!