comsec have eps for ye 14 of 8 cents, page-20

ArafuraInvestor - Metal Pages shows all 9 Rare earth prices falling toward earth since Oct/Nov. Large % falls across the board. 30% plus in many cases.

To refer to speculation of prices in 16/17 is a long bow to draw - they could go up or down.

If LYC don't start to break even and a profit, then they may not even get to 2016, in their current form. There is not enough cash in the reserves to sustain another year.

This may be a close call, but there is every chance of another CR in the next 6 months - IMO, unless they start shipping thousands of tome of material in the next few weeks.

Based on current information that only sample have been shipped, and no announcement that any customer has started to take delivery, then I see zero income for the next 3 months. The 3 months following may see some income, but if not at the 11,000T output level then may only cover costs with minimal profit.

AND all of this is predicated on no further collapse of the base commodities.

This is still a risk stock - IMO, and that is why the SP is where it is.