Nor similar at all. Lynas may ship and process ore in another country but LAMP is owned by Lynas. Processing in Korea involves a joint venture with OCI meaning OCI will assumedly be taking some of the profit from the finished product (unless they aren't into that sort of thing). I believe they would be building the plant etc.
That doesn't even get to the point that arafura needs US $680 million CAPEX to get their project up and running and will undergo an equally massive dilution in order to obtain that funding. Mind you lynas shares stand at around 4+ billion given there has not (as yet) been a further MtK conversion.
Arafura has 560 million shares outstanding. To raise half of the capex via share issue at current prices (if it were that easy) would mean the issuance of another 3.4 billion shares ... and they would STILL be $340 million short (and that's pretending they needed to raise it in Aussie rather than USD).
Nor similar at all. Lynas may ship and process ore in another...
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