LYC 1.35% $5.83 lynas rare earths limited

Rainbow rare earths 60% grades?, page-8

  1. 108 Posts.
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    ok LOL. Did not see this one

    http://rainbowrareearths.com/wp-content/uploads/2018/02/Rainbow-Group-Interims-31Dec17-FINAL.pdf

    Commissioning of the plant began on 5 December 2017, and the first shipment of 25 tonnes of rare earth concentrate was also announced on that date. By 31 December 2017, a second 25 tonne shipment had been completed, and a further 25 tonnes of production had been bagged at the plant site. The first two shipments were then sold together as a batch of 50 tonnes to thyssenkrupp Raw Materials (‘TK’) in January 2018, with title transferring at the port of Mombasa in Kenya.

    So they had 170k revenue from 50 tonnes.  Target 5000 tonnes pa.  You do the math!
    Last edited by brando15: 13/03/18
 
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