LYC

2.37%

$7.78 lynas rare earths limited

Bullish signs..., page-32

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The Dean

13,398 Posts.

1236

13/08/17

15:47

Post #: 26466969
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Originally posted by RVR ↑

Yes, and here's the quote, as well as the parting shot about the purely political motives of the 'watermelon' local Malaysian anti-Najib lobby:

'Does Lynas have any plans to expand its operations through acquisition or potentially diversify to survive future downtrends?
Things that we are looking at include incremental growth of our existing operations and we're also looking at different products that we'll actually make. Some of it will be high-grade or more niche products and some of it will be separation of some of the rare earths that we currently don't separate. We've got a 25-year ore reserve and we're looking to do drilling to increase that this year. We've got a very high likelihood that we'll actually find it because we know there's ore directly below us.

Our Duncan deposit is a neodymium and praseodymium orebody with high dysprosium, which is the other missing link in terms of rare earth magnets. The Duncan deposit is enriched in dysprosium. Currently, that's just a resource. So we're doing metallurgical test work to convert that to a reserve. Off a bigger reserve, that will actually allow us to go up in throughput and still maintain a long life.

Lynas previously faced legal challenges to its operations in Malaysia from the Save Malaysia, Stop Lynas group. Are you expecting to face further opposition from them?
They are still active. We are coming up to an election, so there are some of those machinations with them. One of the big issues has been our residues. There was a lot of misinformation and untrue information about our residues, but we've been working with a number of research organizations. The product that we've actually developed is called Condisoil, it's a soil conditioner and that's been through all the testing, it's been declared by the Malaysian government agencies to be basically nontoxic and noncarcinogenic and meeting the requirements. So we're in the final phases of getting Department of Environment approval and the registration for the Department of Agriculture before we can release that as a commercial product.'

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IMO,

Condisoil is better than the gypsum/drywall Molycorp was considering. New owners over there now in the desert east of San Diego. Enriched Chinese and an America outfit still trying pants sizes.

LYC Price at posting: 14.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last $7.78		Change 0.180(2.37%)		Mkt cap ! $7.272B

Open	High	Low	Value	Volume
$7.45	$7.92	$7.41	$46.84M	6.050M

Buyers (Bids)

No.	Vol.	Price($)
1	1000	$7.75

Sellers (Offers)

Price($)	Vol.	No.
$7.81	77676	2

View Market Depth

No.	Vol.	Price($)
1	1000	7.650
2	3869	7.580
1	3000	7.510
3	6715	7.500
1	1000	7.460

Price($)	Vol.	No.
7.870	6266	3
7.880	835	1
7.900	4900	2
7.910	2100	2
7.920	885	1

Last trade - 16.10pm 01/11/2024 (20 minute delay)

LYC (ASX) Chart

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