LYC 0.90% $7.70 lynas rare earths limited

Ann: Quarterly Activities Report, page-24

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  1. RVR
    6,368 Posts.
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    Agree, as I see it this is a brilliant strategic result all round. Planning to produce 12x5000 tonnes NdPr/month, annually, way above spec from LAMP BEFORE the capacity expansion I'd expect to be announced around the AGM - just one highlight.
    But what about this:
    "As mentioned in the June quarterly report, we have succeeded in developing a new grade of Ce which translated into higher sales this quarter and a higher average selling price. We expect these improvements to be sustainable, and have another higher purity grade under development.
    Our Lanthanum was fully qualified at two new customers during the September quarter and regular commercial supply to those customers is scheduled to start from January 2018."......
    "Production of La and Ce products was below design rates, but the improvement in product quality continued."

    This is what Amanda outlined to me at the last AGM, and she's delivered a very important LT cash generator for the massive amounts of La/Ce that has to result from LAMP processing.
 
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