descending triangle target 29.5c, page-46

By the way chi 'Does the plant work?' is a pretty weak attempt at finding downside IMO.

Designed by Rhodia; it's a state of the art version of a tried and true technology (La Rochelle++ essentially). Of course it won't work perfectly right off. From what I can tell from the design, even catastrophic failure of a major component would lessen rather than stop production. For example phase 1 has 2 rotary kilns and most (all) of the components are multiple arrays acting -at least to some extent- in parallel.

Malaysian sovereign risk? IMO low risk possibly big impact.

RE price is the biggest worry IMO. Especially with the Chinese stockpiles and capacity. Moly and China apparently have a similar or higher COP than the LAMP so if we can't make a buck out of RE noone can; no market stays that way longterm. Improved of stable REE prices OR confirmation that the offtake agreements are still in place would settle that worry.