four kings, page-28

You guys crack me up. Kingsnorth, your former hero, is about the most bullish on future RE demand that I've seen and he is now forecasting flat Dy demand at 800-850tpa v 1000tpa supply 2016 yet you guys are blissfully pricing in sales of an additional 1000tpa, AND at FOB when the majority of the market is Chinese domestic and likely to remain that way.

You guys need to do some research on Dy thrifting (go look at what Neo are claiming) & substitution, let alone CAGR for magnets circa 10%. In case you don't understand the above, KN is now forecasting DY in OVERSUPPLY by 200t 2016.

Ok, so you think 80% of production or half a $B from Dy, can anyone here do a brief outline of the market you'll be selling into for that kind of volume, particularly at that kind of revenue number?

KN is projecting 2ktpa Y demand over supply but you might want to do the above exercise for the total 6ktpa Y as well.

Lol, half a large & $8.98, seriously hope no one is believing that.