ACREI puts hi spec LaO @ 38-40 yuan kg & Ce @ 35-40 yuan kg.
= US5.50 - 6.25kg
Lynas basically selling customer spec ROW (incl VAT factor) in quantity contracted so I'm guessing your US4kg would be a realistic minimum base.
G, drop me a line if you would.
Ann: Change in substantial holding, page-48
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