 We're here at the Clean Tech and Technology Metal Summit at the King Edward Hotel in Toronto. Today's guest is George Bach. Thank you for coming. No problems at all. How was the flight in? From Shanghai to Hong Kong to here, 15 hours all good. You must have a great project to talk about to make that flight worthwhile. Absolutely. It's been seven years in the making. Seven years. Is that when you was first staked, found? Discovered in 2010 and from there, exploration, success, project development and the trucks are rolling in right now. When did you join the company? 2010. So it's all been with you? Absolutely. Fully permitted? Yes. So let's talk about the project then. What kind of metals are we looking for? Okay, so we've got a xenotide mineralisation which hosts heavy rare earths. So we've got a very dominant dysprosium, about 9% in terbiums is the second biggest so they have the dominant minerals in our deposit. And if you're into mining, you must have your metallurgy figured out? Yes. We've had our metallurgy since late 2010. We actually started metallurgy before we drilled our first hole to make sure that it could be processed. So you had a big event happen in the middle of April? Yeah, absolutely. The board got together on the 18th of April just after Easter and we approved the project to go forward and commence mining. And how will you fund that? So it's been funded in a very interesting way because obviously with industrial minerals it's a much more complex project to finance as opposed to gold and iron ore. So through equity, through prepayments from our off-take partner and also deferred payment from our EPC contractor as well as some debt factoring on our research and development that we get from the Australian government. To date the only rare earth producer outside of China is Linus and you're hoping to become the second. What's your timeline to be in production? Okay, so mining starts the first week of June so we've just been doing topsoil removal at the two pits and doing our other preparation work. Fabrication has started of the project of the plant in China and we hope to start seeing that arrive on the shores of Australia in about October and November. We then put it together and we expect to commission it in the second quarter of next year and in July we start producing July 2018. Earlier in our conversation you had shown me these pictures that are up in the screen now from your corporate presentation. These are from site? Yeah, absolutely. The two main pictures that you'll see there is from our two open cuts of the two ore bodies that we'll be mining as part of this pilot plan. And it's all open pit, any underground? Yeah, so for the pilot plan which is a three year project they're going to be from open cuts down to between 30 and 50 metres but in the bigger project stage three of our business plan we plan to go underground. What are the big metrics we should look for this year? Look the key thing for us now is about sticking to what we say we're going to do so it's the completion of the mining, it's delivery of the plant to site, it's the installation so they have the real key factors in 2017. So looking through your background, you have more of a business background than a mining background although you've had a foot in both worlds. Do you think that we need more business people in the railroads market or more mining people? Look it's an interesting one because I think when you look at any organisation it's about shareholder return and the leader of an organisation needs to have all the business skills if you like and when you look at specifics be it geology, metallurgy, engineering you get specialists in those areas to work with you to drive a company forward but you know my job is all about leadership and strategy. And your company shares treat on the ASX? That's right, we trade on the ASX, NTU is our code and then market capitalisation at the moment of about $87 million. With cash in the bank? Yeah we do, we have $15 million in April and we'll be seeing more funds come through and naturally we'll be paying a hell of a lot of bills this year so it's going to be a lot of fun. Sorry earlier we talked about your off-take partner, is all of your production called for under that off-take agreement or is there some for the free market? Yeah so what we've done is part of the development of this project we're establishing what's called a pilot plan so we completed a definitive feasibility study in February 2015 and the cost of that was $329 million. Now that's a lot of money to go and get it get out in this current market so we decided to scale down so 10% of the full-scale operation is what we've defined as our pilot plan and we're going to run it for three years so 100% of the production for that three years has been is signed sealed and delivered under this off-take agreement but nothing for the full-scale operation. So then after three years it's free market? Absolutely so this gives everyone outside there an opportunity to have a look at the project we'll hopefully share some product from the pilot plan outside of the off-taker and people can really have a look at it and get ready for the big project. Looking forward to the updates George I thank you for your time. No worries thank you.