Why I Bought NTU?

Doesn't matter how many times you say it, your numbers are sheer nonsense, from every perspective, annual global mkt is only one third of what you are suggesting.

hang on.... from NTU website it says 279,000 kg per annum Dy which converts to 321,000 kg per annum Dy2O3 which is worth US$220 per kg. That's only a revenue of US$70,000,000 i.e. $70m not US$660m. You out by a factor of 10 on the revenue side!!

Since they are producing a carbonate then you could expect to pay roughly US$3 per kg of total rare earth oxides for separation which if applied the Dy only would cost between $30 and $40 a kg of dysprosium oxide.

I hope they have plenty of other product credits because I struggle to see how on $70m revenue you could support a complex rare earths project. Even if the Dy oxide price tripled I would still struggle to see payback after opex.