One of the prominent experts on earth on the subject of Rare Earth Elements is Gareth Hatch. The link I have provided is interactive, meaning one can click on the various file headers and open them. It has been months since I have done all of my personal research on this, but I believe the answers to most questions are contained in this publication. I suggest everyone copy this and file it, I have posted it before on several iHub REE stock boards but it never gets stickied so slides down and gets lost. Last year at the height of the frenzy caused by the Chinese export quota, I spent a lot of time researching REE companies and took positions in various degrees in four. I may be in error, but I believe I remember speculation that AVL was a takeover possibility because they have a heavy metals play in the US, besides the Strange Lake property in Canada. MCP has plenty of money for this evidently, from Chile as the CEO mentioned in the Q4 as well as their own sales. I am planning on buying more MCP, keeping LYNAS, AVL and QRM. A cheap but somewhat risky play that interests me is DCHAF. NEMFF board I guess, will merge along with the companies? An interesting question was raised on another board and should be on your minds too. How is this treated tax-wise if investors need to hold for one year so that it is taxed as a Capitol gain, and can't due to merger?