Very impressive and accurate numbers. Now all Lynas has to do is...

Very impressive and accurate numbers. Now all Lynas has to do is build the infrastructure to create quality product for sale. Texas was suppose to do this and be complete in late 2022. I would have been real happy with late 2023. They are still making design changes to receive permits to start. They still have not told us how much Dy & Tb they can make at Lamp. If we do not know volume in Q4 CC or AR CC. I will assume it is so small that there will be no major impact from these products till expansion occurs. 50~ 75 years ago the US SEC stopped major miners in particular Petroleum from carrying in the ground reserves on balance sheet. Reason, it had little usable data and could be very misleading. Most countries quickly followed. Looks like you would like to bring it back.

In first half Lynas shipped 3 KT of NdPr from the ground that if we took it's value back in 2022 would have been worth several A$B, They made A$ 5.9M This is why the law was changed on using any in the ground asset, This is why you should recognize that any calculation that looks at in ground assets and calculates future revenue and profits is a waste of time. The numbers are always amazingly good but it never happens. Go back to 2010 ~ 2013 every body was doing what you are doing for Nd, Pr, La, Ce and calculating that Lynas stock would be worth $100. That was pre split so $1000 today.