Deciphering Lynas, page-868

So if we're talking about an increase in 'non cash earnings.' let's flip to page 58 of the Consolidated Financial Report for the year ended 30 June 2023.

I would look at the following. An increase in total assets that are not cash. Is that right? Am I way off track here?
Looks like there is an increase in Inventories. I'll use the same words I did before and say a "Growing stockpile that hasn't been sold" which might not have been totally correct (giving regard to finished goods) but reasonably close for a layman.

But the big story here is in the growth of PPE of about 537. compare to the 30. + 12. in inventories.

And let me again use the same sloppy terminology from my previous post the I said
"Building assets like fixed plant that are not being depreciated because they haven't been used yet?"

So yeah, I'm not concerned by the commentary of an increase in non cash earnings.
IMO it's growing from deliberate investment.





I read the notes. in B1 Property, Plant and Equipment,. It looks like most of the growth is from addition in "Assets under construction"
Right?

There's some interesting ways the company books 'pre-production / stripping asset' by removing overburden that could be summarised as 'mine development'

Happy to hear a different perspectives (without being berated).

So yeah, that's my view on what may have triggered the Simple St story on an increase in non cash earnings.