Part of what we do is look at the economics of the project to reach a stock price, and obviously, the price of rare earths is an important input in the evaluation, as well as capital costs and operating costs and so forth. From the mining perspective, assuming that these companies are able to secure off-take agreements and sell these products, I could say from my analysis that they are economic. Some of them are very economic.
There are two components here. Obviously, being economic is very important, but also there is recognition that there is a strategic component to these elements. If they were not strategic, I think the United States, the EU, and Japan would not have gone to the World Trade Organization to file a lawsuit against China. They are extremely important for the technology we use at present, and going forward as well.
