The ore can be enhanced to the point where it is profitable to ship and process elsewhere (China).
In my view concentrating locally is a non starter - that is where the huge costs reside.
I left both the concentrator infrastructure and the tails dam off the list because they are not required for a dig and ship model.
It is out of the ground, through a crusher and onto a ship (bound for China)
So the question is - could the Chinese make a go of it at current prices?
The answer I suggest is that they could not care less about prices - their interest lies in securing a reliable supply of strategic metals.
In any event we are blowing smoke because we do not know if the Chinese (or anyone else) has made an approach.
The ore can be enhanced to the point where it is profitable to...
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