Hey MB... Those are solid numbers... a little higher on the Capex than I expected but they are not done costing everything out. They expect to complete the F.S. in 2023 I would guess 2026 for production. They need a) Enviromental work completed & approval b) Major Permits c) Complete NOW ongoing DEMO-Plant to prove out final separation to scale (should be getting news here by years end.) https://searchminerals.ca/site/assets/files/6131/2022-05-24-smy-nr.pdf
d) F.S. after Demo plant runs. (They will need a partner. USARE & the Canadian govt. are already playing major roles here? T.B.D.) e) Finance (Like Niocorp my DD... suggests the Canadian govt. will offer a loan guarantee for debt. USARE may is already a partner... should be interesting moving forward. https://searchminerals.ca/site/assets/files/6149/20220722_-_smy_news_release_-filing_of_pea_final.pdf
f) This is only PART OF A LARGE REE DISTRICT & Generational mine project!
Form your own opinions & conclusions: Imho: One of the most advanced pure Canadian REE projects. MB feel free to add to the SEARCH MINERALS to do list! lol