Solid report for the period imho. Positive NPAT and other metrics beat expectations. No negative surprises (though I hadn't heard of the wastewater permit issue in the US until I read about it in the Presentation). Good enough.
I am looking forward to an especially positive news cycle over the next year as Lynas 2025 moves through commissioning and DyTb starts coming out the other end. Japan will be ready.
With DyTb coming from MAL, neither the success of Lynas nor the rise of LYC depend on the launch of any US ops; anything out of that program will be icing on the cake.
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