lambda, Lynas & Molymess basically produce the same LRE in similar proportions and have the same badly damaged and oversupplied market.
I'm quite confident that Lynas will perform better but better than what?
Molymess lost $25M at Mt Pass Q3 and their realised prices has fallen a further 25%/sales 20%. Their annualised loss at current market condition is likely to be $120M+pa.
I'm sure Lynas can do better than that but how much better? Cash flow positive would be great but when do you think we'll know? Like, hard data, rather than rocket fumes?
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