projected profit with current re prices, page-25

totoy,

I guess the point of my original post was to highlight that LYC is still capped at $1.4 billion and doesn't earn a cent yet so there is huge risk for further downside. Huge!

The company's success will be determined by demand and supply metrics of REE. Many would recall that I have never been a fan of the RE's or the LYC story when I posted regularly back in late 2010.

http://hotcopper.com.au/post_single.asp?fid=1&tid=1331876&msgid=7496545

Just remember that we are all entitled to an opinion(s) albeit they can be sometimes be very forward thinking.

In LYC's case, it will ultimately come down to execution, REE demand, volatile REE prices and actual outcomes, not forecasts.

I would not trust China with regard to export volumes of REE.

That's why the whole LYC story is speculative.

I did hear yesterday that the dramatic fall in LYC price was created by stop losses on structured warrant products (RBS and ABN Amro) but who really knows?

Of course these are just my opinions.