basket price , page-5

Exactly Tipster, Jack Lifton makes it quite clear in the Q&A from his last piece that the LAMP is largely producing to customer spec and will be priced accordingly, basket price is simply a guideline at best:

"I was told that the LAMP will produce three commercial products:
1. A lanthanum cerium carbonate mixture, which I presume is for the manufacturing of fluid cracking catalyst for the oil refining industry,
2. Cerium carbonate for glass polishing, and
3. A neodymium-praseodymium carbonate mixture for the rare earth permanent magnet manufacturing industry

I do not know what purity these products will have, but I think you must realize that such products are not commodities; they are made to end-use, or next in the supply chain, specifications. Lynas would be in violation of its non disclosure agreements with the customer(s) by revealing the “purity” or exact chemistry (in this case elemental ratios) of the products."

http://www.techmetalsresearch.com/2013/03/a-visit-to-the-lynas-advanced-materials-plant/#comment-4734

Does however suggest that the demand is intact for these products and the bulk of Ph1 will be sold on contract.