I asked - Do you have any timeline or goal for a JV?
He replied - "we already have about 27 NDA’s outstanding and on this list is everyone who is anyone in the world currently producing the REE’s. In regards some of these on this list, we last met with them in June of 2012 and at that time we had just released our PEA, which was based upon us producing a 10% mineral concentrate; this was one of the times that I was told that, when it would get interesting to them was if and when we could produce a better than 30% mineral concentrate.
And of course, now we can produce a better than 40% mineral concentrate.
However, laying on top of this potential interest for a JV, was the year of 2013 in China which was an extremely slow, if not almost, negligible year for foreign investment, following the direction of the new President Xi, who was a real cold shower on such."
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