Mr. Chairman, I will attempt to provide an answer to this question; it is a difficult question.
The cost of developing a rare earth mine, like any mine of that size, would probably be in the order of $1.5 billion.
Rare earth materials feed essential supply chains, and the economics of this are not very well known. In fact, there are a number of studies going on in the United States to understand what part rare earths are responsible for in the big supply chains dealing with the automotive industry, high tech, or electronics—those industries.
Even though the prices of rare earth could go up, at the end of the day, the minuscule amounts of rare earth contained in those products do not make a major difference in the price of the end product. The impact is on the capacity of that product to meet client needs, what we have come to expect of the various apparatus we use every day—our cars, our cellphones, our laptops, and our screens.