Did you look at last 4 Qs every one down from Q before. they...

Did you look at last 4 Qs every one down from Q before. they produced 5444 tons 4 Qs ago 3592 this Q A drop of 34%. 4 Qs ago NEXT was not fully implemented and yet production down. As if that was not bad enough COG sold rose from AUD 11.47 to 18.90, during the same time period, Lowering profit per KG by AUD 6.47 NEXT was suppose to lower COGs. Now there were some good reasons all this happened and I have called these out before. I do not see much chance of any of these changing for 6~ 18 months. Long term I predict a bright future for Lynas. For last 9 years I have predicted a major turn around in a year or so 7 times. Right now I am 0 for 7 on these so I would wait before buying for it to really start happening.

COGS Chart. ALL data from Lynas Q reports

	Q	Admin + production	KT REO	Cost KG	NdPr Averge USD no VAT
1	Q3 '19	62.4	5.44	11.47059	38.5
2	Q4	68.5	4.65	14.73118	39.1
3	Q1'20	73.5	3.926	18.72134	39
4	Q2	67.9	3.592	18.90312	36.2