RE:RE:RE:RE:.003Mark's got some credibility & connections, he's definitely not going to hang around milking a salary, not that there's one at MDL anyway, the Board have run it on a shoestring for years.
Pretty simple really, there is an almost bottomless Chinese mkt for REO in monazite, numerous, perhaps dozens, of various size monazite sources will present, some existing (monazite is currently dumped from mineral sands) and some specificially developed to take advantage RE in monazite mineral sands waste, ACDC is an example of the latter.
Now these sources can profitably ship 20% monazite to China, as Iluka is doing ATM, or it can spend A$35/40M to upgrade to 90% monazite with a 12 month payback period, which gives some idea of how lucrative it can be.
Spelt out page 13, and note the pricing formula: https://hotcopper.com.au/threads/ann-macquarie-conference-presentation-t-oleary.6042194/#post-54908658
Small players don't have the resources or the processing capacity of Iluka but MDL does have the tech and can put a package together in conjunction with the likes of a ACDC.
Let's see how this one works out but potentially a couple of successes MDL could put the tech AND financial package together, and Mark will go back to being a miner.