lynas/ntu

Read into it what you want but in my mind the following interview with NC confirms Lynas's interest in NTU. Despite the potential for Duncan to produce 300tpa Dy (about the same as NTU projections) it will remain the most critical RE on current estimates. NTU's obvious attraction is a feed extraordinarily high in Dy without the Ce, La etc where demand will be largely satisfied. Given current plans for a chemical beneficiation process for Duncan I imagine a NTU feedstock could drop straight in.
NTU really needs that initial JORC to back up the grades but if they can prove up a commercial deposit I can see Lynas moving quickly to firm up the relationship one way or another.
Thing I can't understand re NTU has been all the widespread exploration work over the past year or so rather than a concentrated effort on their best shot for an initial JORC. Lack of confidence/looking for a better prospect? Anyway they are on to it now so hopefully they'll deliver a strong result before year end.

The NTU bit is towards the end of the interview:

http://www.raremetalblog.com/2012/07/lynas-ceo-nick-curtis-exclusive-interview-on-malaysian-rare-earths-processing-plant.html