joint venture with siemens, page-17

Nothing could counter media misstatements and market rumors like solid business with a top company. When Siemens does a letter of intent with a junior it shows BIG confidence. These guys need reliable supply and they did not sign with Moly Silmet. They signed with LYNAS CORPORATION! I guess we don't need a Soviet processor to have a European presence.:-) Looks like one of the biggest tech giants knows the LAMP is solid and will produce soon.
And this type of agreement makes so much more sense than the mines trying to do manufacturing through a mine to magnet strategy. I mean Lynas has used the value of it's business to it's fullest and gets the quality of Seimens in the deal. Lynas is tops in rare earth. Siemens is tops in high tech manufacturing. That's how big business works best IMO.
Good work Lynas. Get to production and convert the LOI. That is how it's done. How big is this? In the May presentation we had Seven Supply Contracts and one Letter of Intent. We already firmly led the industry and now have Nine customer agreements! THAT is a price moving announcement!
http://www.lynascorp.com/content/upload/files/Presentations/Investor_Presentation_May_2011.pdf
Slide 34
PS- Aurafurainvestor, tell Mom and Dad the house just got a step closer. Lynas just made good with the hometown boys!:-)