LYC 1.74% $6.76 lynas rare earths limited

$12 million CapEx can only enable Texas Minerals to produce 0.1...

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    $12 million CapEx can only enable Texas Minerals to produce 0.1 tonne of HREE per annum, am I right to assume that $120 million CapEx will only give them the capacity to produce 1 tonne of HREE a year? How can they compete with Lynas when Lynas/Blue Line JV is going to produce thousands of tonnes of HREE a year? Am I missing something here?
 
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