UBS upgrades Lynas, page-29

"Amanda M. Lacaze, Lynas Corporation Limited - MD, CEO & Director [28]
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Unfortunately, it is too simple a way to think about it because it really -- that's what I'm saying, the operating mode, right, is terribly important because if we recover at 75% and we made a whole lot more tonnes and we're going to blow our license way before if we recover at, say, 85%. So our operations team spends a lot of time on optimizing the grade like if we're producing a concentrate grade at 34% compared to 32%, we're going to get a whole lot more as well. So it's not a question that I can simply answer, I'm sorry, Trent, except to say that we have an absolute clarity of focus on making every tonne work as hard as we possibly can."

https://finance.yahoo.com/news/edited-transcript-lyc-ax-earnings-090806957.html

(please pay special attention for my ability to mark things, that are not based on my opinion as thing, that are not my opinion. It's so hard to do that)