so do we wait for reserves to run out, china's export quotas no...

so do we wait for reserves to run out, china's export quotas no longer sufficient and demand exerts pressure on prices. The sooner that occurs the better ARU's position is, so then the most attractive time for a move on it. Not sure she will wait just in a defensive position for that to play out. Hence the low bar SP strategy. I still reckon the Gov't support signal is the go button. Nd/Pr price is structured around not just supply/demand but a global game that influences buyer cost. Already off takers are paying more. I get the straight accountancy equation, but ArUs SP has CCP price as only one influence. If someone has a real crack at ARU, it's not going to be easy/cheap for her to go head to head. 10% is just not enough.