jukie, ............................................obviously we don't know the real value of crown/coors/swan deposits but, (from asx lyc announcements) back in 2004 lyc touted mt.weld as the world's largest ree deposit,-and crown (jorc compliant resource) as a separate and additional, globally significant and world scale niobium resource,---rated as the world's 2nd largest niobium deposit !!!!!!..............................assessed as an open pit project @ predominantly 30-50 m depth, containing 475,000 tonne reo, which could return an annual profit of $40 million...(way back then)..............a deposit with positive net value to lynas. ...................................the cost to develop was put at $350 million, which has now escalated to $1 billion, if this is true then considering that ree prices are now >6x the 2004 values, this seems to be still a cheap price to pay to reap the rewards from this valuable resource!!!!!!!!......why should this be GIVEN away for only $20.7 million to a shelf company when WE already own it ????????...............................................with lyc soon to be in production, surely it makes basic common sense to continue to hold crown until such time as lyc profits allow us to develop this asset with no financial stress to the company.............................personally i would rather see this developed than malawi, which being in africa has the possibility of being impacted by sovereign risk in the future........................................the only reason i can perceive for this deal to go ahead is for the personal enrichment of nc at the expense of all lyc s/holders...........................................jukie, i realise you must be aware of all this and much more, but i post this in the hope that it may help to inform some less informed readers...
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