Lynas is the ONLY large-scale ROW supplier of separated REO and their results matter. Dismissing their results would be extremely ignorant and irresponsible. While these market conditions persist, all the wannabe producers SP will be significantly affected, IMHO. Note that Nolans project economics is based on an NdPrO price @ USD $133 /kg LOM. Current price as per below table is around USD $40/kg. Don't have to be a rocket scientist to understand what that means for the companies SP moving forward. Unless there is a significant REO price increase, which doesn't appear to be happening anytime soon IMHO. Also need to take into consideration economic threshold of NdPrO pricing. Anyone actually researched this to find out what OEM use for their price modelling.
Recall one of the "influencers" claiming China spot prices are irrelevant because of off take agreements. EVERY offtake agreement price mechanism is based on China spot prices. A tactic used by "influencers" is to claim the offtake agreements include significant premiums over spot prices. Typical, using ambiguous pricing mechanisms to make unsubstantiated claims. And worst still, these "influencers" essentially claiming that Arafura has managed to negotiate superior offtake agreements than the only significant ROW supplier of separated REO, Lynas. What a joke!
DYOR!
ASX Announcements - Lynas Rare Earths
Ann: Trading Halt, page-92
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13.5¢ |
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Mkt cap ! $345.0M | |||
| Open | High | Low | Value | Volume |
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