actual see prices...

I have done a few calculations using the Lynas basket price information on their own website. The following calculates how much a given Kg will bring if the individual elements are separated and sold. Currently that number is around $122/kg. This is latest price chart published by Lynas and note it is only 2 days old.

OK, here is where it gets interesting. The bottom of the chart reads;

Note: Mt Weld distribution totals 98.9%, the balance is made up of Gadolinium, Holmium, Erbium and Yttrium oxides.  Regular pricing information is not available for these metals.

This means that 1.1% of the Mt Weld production will consist Gd, Ho, Er, Yb and are very rare REO's… OK, let's assume a price of just $3,000/kg (less than Europium) and a concentration of 1.1% distribution. This will add $38.00 plus to the current basket price. This means the current basket price will be over $150 significantly more than what is published by Lynas.

It makes sense... Looking at the big picture, we are leaving out 1.1% of the Elements where demand will have the greatest potential growth and supply will have the least available growth. Economically, this is the recipe for phenomenal price appreciation and represents a huge card that is not being played by Lynas at this point.

It gets better. It is the intentions of Lynas to "farm out" the HREE's in a "tolling agreement" where they will let a speciality processor separate the HREE's into the individual flake metals desired by the customer.

A tolling agreement can be defined as:

"An agreement by a toller with an owner of raw materials to process the raw material for a specified fee ("toll") into a product with the raw material and the product remaining the property of the provider of the raw material."

It is petty clear that Lynas will retain the very valuable processed metals and make significant profits on this 1.1% percent of REE's not reported in the day to day chart...

Once again we have a very understated piece in this entire Lynas puzzle. Lynas has already determined that a tolling agreement will be the most effective way to profit from these HRE rare metals. This indicates they are aware of the future value but have chosen to keep them as a hidden asset.

Anyway, this is JMHO and I would welcome comments...