Good God. Math tute. CJ: they lost $12.9 million in the first...

Good God.
Math tute.

CJ: they lost $12.9 million in the first half (see half yearly) -- not $67 mil -- not even sure where you get that number other than to assume you incorrectly rounded $66.1 million from 2015 loss UPWARD to $67million. Price of NdPr during the first six months was reported as $31/kg.

Ce never dropped but plateaued in Mar-May so cannot actually have returned to where it was at that point AFTER an 8% rise.

If, as suggested by DD, non NdPr production is 2064t/quarter at ASP of $3kg - then doubling of production at 50% higher value would yield 2046t x $4.5 = $9.207 million + 2046kt x $1.5 = $3.609 million which is $12.816 million MORE PER QUARTER. You can therefore multiply that by however many quarters there are between now and Sept 2020 which equals a lot more than $20million during that time. Of course you need to strip out costs and that is an approximate number as the entire 2064t is not just La/Ce.

Any doubling of shares outstanding would obviously halve EPS but also result in a company without whatever debt was eliminated through converson to shares. The share price is not only based on EPS.