quarterly conf call, page-21

Thats a fair realistic assessment Cafa. Fair points

The plant hasn't been commissioned PROPERLY and not everything has checked properly. The pipes in the plant couldn't withstand the abrasive nature of the concentrate.

The corroding of the pipe resulted in low flow of material not arriving on time which resulted in 3000 tonnes of OFF SPEC material (somebody correct my numbers if wrong).

This has resulted in about small tonnages of ree been sold that are ON SPEC. We know from the report there is 3000 tonnes of OFF SPEC REE sitting on the side BUT THIS IS NOT WASTED. So what Lynas needs to do is put this 3000 tonnes of REE back into the circuit and it doesn't take long to turn this 3000 tonnes to become ON SPEC and can then can be sold.

We ALREADY know Lynas can produce ON SPEC REE that is why small tonnes has been sold AND SO THEY KNOW what is the RIGHT PARAMETERS (Positive) to get it done. When the pipes etc are fixed that 3000 tonnes can then be put back into the circuit and get ON SPEC VERY FAST and the which customer will BUY . Why wasn't Lynas PR clarify this to shareholders? Why state problems and also give a solution to ease our minds?

Another ACE is the deck is that the REE price is still rising today Cerium and Lanthanum Oxide FOB now is starting to rise. Another positive.