"Personally I believe, production will not take place before Q1...

"Personally I believe, production will not take place before Q1 2013. Time will tell."

You're clearly more in the know than Lynas corporation.

"Fact is: meeting the requirements costs money and time = more money."

Funds gained from pre-operation phase production could easily cover additional operational licnse costs. Fact is though, a lot of the recommendations relate to plans and community engagement. In addition, a lot of the requirements are to do with the Malaysian government. It's not going to cost Lynas too much, and a lot of it is probably already in progress. I doubt there'd be additional costs that they can't afford.

"The failure to deliver in time might as well be very costly. I wonder if Lynas is going to disclose details on that issue."

No offence, but your speculation thus far has been less than accurate. Perhaps you should wait and see what happens?