RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:UCU flying , NEWS ????Let you in on a little secret Pip, the "M3 Plan" was M for muppet, Jim the mktg guy's swansong.
Scale is the secret to REO, quality resource & customers obviously, but processing to product at massive scale is how you tie them into a business and compete with China.
Incremental supply will flow from by-product, low cost base, low CapEx, monazite waste from mineral sands is the prime example, and there is a LOT of activity going on in Oz ATM, both in & out of sight. A RE stream does positive things for the economics of mineral sands and there are a LOT of players here, note MDL's new CEO is based an hour north of Melbourne during CV, but he hasn't been sitting on his butt.
If you want an incremental player MDL is a far, far better Risk/Reward, apart from the fact their new chromotography separation tech may just prove competitive smaller scale processing, particularly with MDL's prior Ce discard.
Dragon simply trying to salvage something from a decade of delusion, rather than cashing out and trying to recover some pride elewhere.