"The Lynas Advanced Materials Plant (LAMP) remains on track for first production of Rare Earths in the third quarter of 2011." 3rd quarter of 2011 calendar or financial year? I am not sure...
It will apparently allow Lynas to process their REs from mine to market. The processing plant which is scheduled to start working on the 7th of March will process the ore up to the kiln stage (from where it would need to be processed through a LAMP like facility I presume).
Another interesting tidbit is this:
"The next ore definition drilling campaign has been designed with a view to increase the ore reserves of Mount Weld, with drilling scheduled to commence at the end of next quarter."
It's likely that more REs will be found which would pump more pressure under this stock.
LYC Price at posting:
$1.84 Sentiment: Buy Disclosure: Held
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