sumitomo, page-13

tonio,

finally you have contributed something meaningful to the discussion

but you are drawing a pretty long bow in suggesting that an MOU contract with Sumitomo Corporation means we are now affiliated with every company in the Sumitomo group

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In relation to production costs they should be closer to $12 (rather than the $30 you are suggesting) - refer NTU announcements of 15/3/2012 and 6/2/2013

Also recently GB stated NTU would be a low cost producer - that confirms opex. will not be any where near your $30 estimate.

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I believe the discount for NTU's rare earth oxide will be closer to 20% - rather than the 24% you are estimating - simply because we have a superior product

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you say NTU will only produce 3000 tonnes p.a., and thus far based on "your" 3000 tonnes they appear to have committed the following:-

480 tonnes to ACIIG (via proposed sale of 16% of Browns range)
600 tonnes to ACIIG (20% via off take)
1500 tonnes to Sumitomo Corporation (via off take)
420 tonnes left to find off take partners for - will hardly satisfy the demand
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3000 tonnes total which you are suggesting is all they will produce
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Now this from page 8 of NTU June quarterly report:-

My guess is that second production rate considered was a minimum of 5,000 tonnes - and why would they be considering a second production rate, perhaps, just perhaps there is more demand than your 3000 tonne scenario will satisfy

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some calculations:-

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a second production rate has been considered - now we just need to see it materialise with NTU in production

best to all NTU shareholders


and to sign off with a message from Professor Dudley Kingsnorth

now why do you think he would get a number plate like that?