Totally agree, and believe that strategy is well advanced in planning but nonetheless dependent on the strong cashflows from LAMP, and not simply NdPr.
Key prerequisite next expansion is placement of La & Ce based around higher recoveries of more valuable product from SX8 together with the ability to blend individual portions of NdO & PrO which enables a suite of LRE "product" to customer specs. The opportunity to move downstream into a customers business is key to both adding value and expanding customer base.
As AL has stated several times they need to grow with the mkt, not ahead of it, and this is a key part of production economics. Growing your customer base in the current environment would be near impossible with the erratic decision making in Malaysia, and totally impossible with some form of haphazard withdrawal.
At worst some form of compromise needs to be found to continue LAMP operation while duplication/expansion likely elsewhere.
LYC Price at posting:
$1.60 Sentiment: Buy Disclosure: Held
(20min delay)