nursery,
The problem was it just wasn't a very good post.
It fails to take into account barriers of entry (technological, financial), of which all newcomers after LYC and MCP will have a VERY hard time, thus the idea of 'all this new supply' is just fantasy. Finding REE's and being able to develop them are two very different things.
Plus NC has it right - (the rather brilliant man he is imo) in not allocating 100% of P1 sales contracts - he's leaving it spare for additional downstream processing leading to much higher value than the basket price.
Cheers...
lynas ree prices drop to under $50, page-35
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