joint venture with siemens, page-123

Yes let's not count our chickens before they hatch.
so we ignore siemens jv, ignore crown deposit, ignore Malawi deposit what have we got?
let's also reduce the current rare earth price by 2/3 and what have we got? Lets also increase costs by 50% and what have we got?
well 22000tons at $65kg less $20kg costs and you have 22000tons at 45kg profit or approx $1billion!
Multiply that out by 8 to 10 times and you have a $5 to $6 share price.
These are the same nos we have been doing for 1year and nothing has changes apart from the rare earn price now being $200kg which we don't factor in. Having said that if lyc gets 12months plus to itself as the first producer then this has the potential to put another $2bill in super profits or another $1share of Cash profit.
Lastly remember that there are many long term contracts in place already so the only question leftis to build the plant and get it working and there is now a confirmed process there as well.
So $6 to $7 is a realistic target 2 year target IMHO.
Goo