Could you define Cheep? Right now with PE of 12 it is fair if we...

How are they the victim? The lower standards were in place well before NC choose the site. Yes they are much lower than international standards, but they were put in place after Mitsubishis REE mine in MAL Lynas was happy with these levels when the original contract was signed. They knew they could not meet them but they were not worried. It was not called out in contract at that time. They were building KAL which everyone on this board cheered. It was key to future growth. Read the 2020 Q report at bottom Lynas has a depreciation plan in place to take Lamp C&L off the books. Read the May 2019 plan.

The Questions every body should be asking but no one is. What Changed? Up till about a year ago every things says that Lynas wanted to Shut down Lamp C&L. KAL had more than enough capacity. Now they want to keep it open. Why? KAL Was supposed to have the capacity to take them through several expansions in capacity for many more years. Again something changed and we have been told nothing.

If you are going to tell people they do not know history make sure you know it all and not just pick something a few year ago that is convenient for your argument.

Could you define Cheep? Right now with PE of 12 it is fair if we do not have a recession. That PE is made up of H2 2022 and H1 2023. With dropping prices we can expect H2 2023 to be about equal to H1. Even if they achieve NEXT rates in Q4. H1 was AU$ 150 M x 2 is 300M Put in up side safety factor lets say 330M. 7.33 *933M shares / 330 for a PE of over 20 in August after SAR. You can do Price to book value (1,8B) and Price to revenue (~800M) if you want but not much better. Every one on this board says they are long term investors. Should not a long term investor being looking at AR in August to decide fair value? Not just the last couple of days?