Tuesday, August 02, 2022 2:39:35 PM
I think an intervening PR covering the REE reserve/resource could/should be possible soon after the PR about the L3 Demo plant starting operation.
Remember once the data is generated all of our 3rd party subs need to crank their part of the FS and all have to sign on before the PR announcing the 2nd 2022 FS can be issued. Of course the financing parties will be cranking their models before the FS's PR so a financing PR could come soon after the FS PR.
I hope all of us anxious shareholders and the financing parties keep in mind the fact that only a small part of the large ore body, the to be mined ore "blob", is currently covered by the FS. The actual size of the economically mineable ore body is unknown and is open in two directions, and at depth. The ore body does contain volumes that have richer and leaner percentages of Nb, Sc, TI, and REEs so the ultimate value is still unknown. Some selective ore extraction may be possible depending on market demand .
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