qhn234 - Good first post :)
I agree with your analysis and your assumptions. The disappointing thing with the QRs is that LYC did not just come out and say which RE elements and mixtures or how much had been sold (IMO deliberately it's hidden behind the term "REO-Equivalent" and other vagaries) so you and I had to make a number of assumptions rather than use reported facts.
Assumptions, that could well be wrong due to the fact that LYC is specifically marketing their ability to customize the RE Mixtures to the Customers precise specification! Having said that though you and I arrived at more or less the same conclusions regarding the details and our reasoning is probably right based on the reported prices for Ce/La compounds last quarter.
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