Consider buying, page-7

No argument on cash flow totally agree. I know it is not obvious but I am really trying to shorten reply. I thought 'a plus to revenue" would be enough. I will also add that by US laws the NEXT improvement could be depreciated over 20 or more years, (I do not know AU Laws) with this long depreciation cycle it will be a big plus for profits in general. Time of depreciation directly impacts cop and profits.

The others I did not mentioned is some separated Nd and PR not only gives them some product to sell at a higher price but also much more flexibility as the market changes.

Oxide and the lower impurity levels of La and CE should give them a much bigger market. I SUSPECT, do not know that much of their current LA and CE goes under custom spec for further processing. I cannot believe that the price is very high, US $ 1.00???

The one thing that puzzles me is the order of NEXT. Improvements to La and Ce are first and involves building new trains on the second level. Then the current Ce La trains will be refurbished to make more NdPr and separated Nd and Pr. I am sure this is the right decision by management. Just would really like an explanation why, for my own understanding. I can speculate several valid reasons but would just like to know for sure. In a very simplistic view Nd&PR will have the biggest impact do it first. However that is probably not correct when the total impact is looked at.