The solvent extraction process is the "name of the game" then:)
By hook or by crook I am going to see some continuity of opinion and facts on 1 thread with LYC - hahaha - some might think it has as much hope as the SP getting above $1 coz I notice that there is a thread now prediciting the SP @ 56c! lol.... Not saying it isn't possible - just can't help but compare it to some $4 party threads - except that instead of the posters taking happy pills and forecasting rockets and large profits, they are now on sad pills and predicting almost insurmountable problems.....
Now which posters suggested that the kilns would be fired up already etc etc? Betcha LYC didn't fire them up or keep them fired up - with no definitive date, following lengthy delays in the courts. Afterall, an empty fired up kiln will eat away at funds without producing anything.......
This is great news!!! - b/c slow and steady will win the race:)
We are starting up plant bit by bit, says Lynas MD By ONG HAN SEAN [email protected]
KUANTAN: The Lynas Advanced Materials Plant (LAMP) is still in the process of heating up for the rare earth concentrates to be fed into the kiln.
Lynas Malaysia Sdn Bhd managing director Datuk Mashal Ahmad said this in response to reports that the rare earth refinery would begin operations within 48 hours.
“We are still in the process of preparing the plant, heating up, calibrating and starting up bit by bit,” he said. “It is not a 48-hour job.”
Australia's Sydney Morning Herald had reported that the first feedstock was expected to pass into the refinery kiln.
Mashal said that once the rare earth concentrate had been fed into the process line, it would need 45 days to be refined into the final product.
On the shipment of rare earth raw materials to Malaysia, Mashal said any amount imported required approval from the Atomic Energy Licensing Board (AELB).
About 100 containers of the rare earth concentrates arrived at the Kuantan Port and were transported to the plant last week.
Meanwhile, an unnamed source said Lynas was bound under the strict conditions of the temporary operating licence.
“It can only produce rare earth products in limited quantities,” he said.
The source said AELB officers were on site 24 hours to monitor the plant.
In a related development, Himpunan Hijau said it would blockade the operations of LAMP in Gebeng.
Its chairman Wong Tack said the group was identifying a suitable location for a base camp and would set it up within the next few days.
Wong said the group also intended to block the second shipment of rare earth concentrates from arriving through Kuantan Port to disrupt Lynas' operations.
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I am not sure why geldisweg did not contribute on this thread - perhaps like me he/she gets fed up with siphoning off the rubbish threads and posts - but I want to sift through that and get some quality back to this forum!
So I am going to re-post Geldisweg's post #8834477 - which incidentally illustrates only too well the chinese whispers cr@P that can swamp these threads......
The post #8834477:
"Hi tototy, I did recall NC stating in one of the last investor calls that the process took 2 weeks. I guess he is giving extra time in case of any delays."
Then you remember wrong.
I think, people are confused, what the ramp-up for first feed entails.
The rotary kilns need to be first heated up to operating temperature, which is a slow process. No 'wham bam' here, if you do not want to crack them; and that would be bad.
AFTER this step, first feed will happen; just because some newspaper in Brisbane speculated on 48 hours, this made the number not true (Lynas consistently talked about "in December").
That only very small amounts of concentrate will go through in the first batch is known from the AELB since months.
Time line for a 'normal' batch is assumed to be 40-45 days, the first feed batch could -- according to Lynas -- take up to 60 days.
What then comes out on the other end after this time is not 'first feed', as some here mistakenly think, but the finished product (if eberything goes to plan and there are no technical glitches).
Ergo, this article brings very good news and a first good guesstimate on the real timeline.
LYC Price at posting:
67.5¢ Sentiment: None Disclosure: Held
(20min delay)