End of Financial Year, page-17

CJ, as of today, price for the low purity or low nines Ce, is up 50% from where it was just months ago, data taken from acrei website. Recent La price is also higher than it was a year ago.
In addition to the improvement in these prices for the lower purity products, Lynas is increasingly producing the higher purity, or high nines purity of these oxides. Now, there is very little to none in the way of output costs to produce this higher purity, however the price difference is up to $3kg. $3 per kg is not small potatoes when talking volumes of la ce product. This is some of the value add that we keep harping about. There are a few other ways such as partnering with others to supply alloys etc. their customers need. I sincerely hope this addresses your endless mantra about la and ce. By the way, just remember that Ce is an extremely useful material and that should soon become more apparent.
Now, as to cash and debt and profits etc, etc. You seem to confuse profit with cashflow. I'll try to keep it simple. Lynas would want to service and pay down debt from free cash flow. They would want to do the same with any other costs, mining campaigns, etc. There have been numerous posts suggesting free cash at these production and price levels will be at least, at minimum, A$20m to A$25m per qtr from this (September) quarter and at least A$15 for the June quarter just gone. The cost of mining campaigns, including overburden removal, should therefore come out of cashflow. The rest of the cash not used for expenses will go to paying down debt thru the sweep mechanism set up for Jare debt, leaving Lynas with a buffer of $40m cash pq.
Now, as to Mt K debt. If Lynas cash flow as outlined is successfully paying down Jare debt, it means the company is doing well and Mt K will either want to convert or be paid out in 2020. If they choose to convert, the debt owed to them US225m, is wiped out, however the number of LYC shares almost doubles. If for some reason they choose not to convert and want to be paid out in 2020, then, at the outlined minimum free cash levels, you would think the Jare debt would have been well and truly wiped out by then and Lyc would have no problem paying Mt K either from their own, by that time, abundant cash, or, if needed, a loan or financial instrument of some type. Of course none of this is static, prices can move again, Lynas can alter production levels etc. however at this time, based on info at hand, this is where we sit. I really hope this addresses your incessant questioning.