You were always leveraging the sector, specifically NdPr/NdFeB values, but Lynas position within the sector has not diminished, in fact quite the opposite.
Slightly bizarre situation, where the situation that near caused its demise, has propelled it to a much stronger position, quite possibly leveraged by the 2016 debt renegotiation.
ROW rivals barely progressed, some doing one way deals with the devil, and the Dragon only progressing on supply constraint incl SRB action (Blind Freddy wouldn't trip over the oxymoron there).
After battling ferocious headwinds for 6 years Lynas is suddenly empowered, totally unique, at potentially an incredible inflection point.
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