LYC 2.37% $7.78 lynas rare earths limited

LAMP2, page-11

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    Jan - therein lies the potential problem. Phase 1 was built primarily for carbonates. The price of many of these is almost give away.

    It is reasonable to assume that the product is being finished in the phase 2 section to obtain oxides.

    If so then unless phase 2 finishing module was designed for a run rate of 22kt PA, then how will they ever get to run at nameplate for both phase 1 and 2?

    Maybe there is a plan to expand the sections of Phase 2 so they can get all the produce to oxide status. Any idea how much this sort of rejig of the plant may cost?

    Production at the 22kt PA rate may be at least 12/24 months away.
 
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