dysprosium is the key heavy rare earth, page-32

mreye2

Can I send you a draft of the letter I intend to send to both the Lynas Perth and Sydney addresses, and if I don't get a detailed reply from Lynas and not just the form letter I am also planning to forward a copy to McIllwraith, who misrepresented the value of the Crown deposit in that Age (or S.M.H.) article.

I am pretty shocked by the figures I've come up with and maybe I have made a mistake (my calculator doesn't do billions) - I also assumed Lynas have been offered $50million, it's only $20 million.

Fact is REE prices have in some instances gone up by close to 2000% and more (Lanthanum, Cerium and Samarium) since 2007 - basket price from $20/kg in 2007 to $100/kg.
But of course that can change as more mines become producers.

Letter is only 2 pages long, just a few questions based on facts and logic, as I see them (backed by what I've read in the announcements and the arguments here).

If we are correct in our assumptions, it could easily happen that FRG will change hands again; from my reading this deposit is huge and will need a lot of preliminary work and money invested - so there is also the chance, if it's not on-sold that it could linger forever with a vanishing s.p., which has been known to happen)

Cheers

T. please, Mreye2, drop me a note: [email protected]


I won't guarantee to actually send the letter, as I am in the habit of drafting and sleeping on letters overnight.