lynas cost of prpduction sub $12/kg, page-36

Thank you Jan for correcting wolves.

Who needs SMSL when we have our homegrowns that spin liberally.

IMO, the forecast revenue for 2014 @ $287 mil is conservative and was simply
released to send a quiet general message to the market that deal negotiations were progressing but dont expect a till full of profit in the first year.

If the revenue is based on selling full Phase 1 production , then it represents
an average of $26/kg which is much better than pessimistic figures being floated
on HC recently.

If it is based on selling 9K tons to the Japanese as reported last November then
it would represent almost $32/ton. The latter, IMO, is the more likely because
of LYC's ability to add value to the elementary basket price and the fact that LYC is a non-Chinese supplier and anything more sold on the spot market would be
a bonus.

Without more info to the Malaysian Press release , however, we still have to speculate.

As a previous poster has posted "the darkest hour is the hour before dawn" and, IMO, dawn is the 30th June and we just have to await the quarterly leaks thereafter and I'm convinced that there will be many.

In the interim, IMO, the shorters have a week or so to cover.

with kind regards
Moorookamick