consensus lt, page-13

botfodder,

I put no value on this first mover advantage when I am talking about 85 cents.

Remember we're talking enterprise value with no TL and No LAMP and No Malaysia.

The first mover advantage is therefore redundant.

The fact of the sheer volume of rare earths that Lynas own and the fact that demand will rise not fall (metoerically) over the coming years puts a value on the company. Real commercial long term value.

Basket prices will decline over time. All commodity prices fall over time as proidcution gets more efficient. The sheer demand for rare earths and what they are used for is the variable here.

Long term, being a low cost producer will be more important than being first mover.

Many have said, rare earths are not rare. And if many could put their charts away for a moment and underline the significance of the Duncan deposit perhaps we may have some sanity. HREE's is where the money is at. This is the good oil. Duncan deposit has HREE's in spades.