Yes MP has the start of the process to recover all the HRREs. Unfortunately the concentrations of HRREs at Mountain pass is so low they are not economically recoverable with any of today's technologies. For them to be a source of any HREEs they will need concentrate from another location.
You do understand this action will lower Prices outside of China, More supply, hurting Lynas. Many will be fooled because the lower supply inside China will raise Inside China prices and right now the only price reports come from inside China.
Yes has received $351. They have applied for more because they now understand how low there estimates have been on all projects. If cost overruns are just 50% of What KAL was they will have to raise a Lot more cash to complete Texas. At todays profit levels no one will loan them money so that means Stock dilution again. I am sure JARE or GR will help. JMO what they demand in stock will be dilute current SH more than they expect.
JMO Texas is becoming a fading dream. With US help it may be revived but every Q that goes by without progress the dimmer it gets. Again JMO but Lynas should walk away from Texas Do a care foll study of how much money they can raise. Then expand Lamp HREE with a good cash safety.
It is all one big lake with many Rivers flowing in and many flowing out. Yes China may refuse to ship to a few defense contractors but shipping to auto companies will free up supply for military.
. Every one loves to talk about how Many PM are in a F35. F35s started shipping 13 years ago. In March they shipped their 1000 Unit. that is <80 a year. So there may be 20 times more PMs in an F35 than a EV but when total volume is considered it is tinny. You can say there are also other planes Tanks Radar systems and that is true. There are also wind generators About 50 % of an F 35. Hand tools Appliances and just motors in general. Military gets lots of attention because if a was breaks out it could hurt a lot. As far as volume it is not that big.
I too agree with both Simon2 and Fewbucks from above.
"JMO Texas is becoming a fading dream. With US help it may be revived but every Q that goes by without progress the dimmer it gets. Again JMO. Lynas should walk away from Texas Do a careful study of how much money they can raise. Then expand Lamp HREE keeping a good cash safety."
Lamp will be Cheaper and easier and it is on turf where they know the problems. This will result in success. Nearby clays, if they get it, will simplify supply. MOU is not a contract or a license. Lynas has signed many MOUs only PDF has ever produced anything of value.
LYC Price at posting:
$9.37 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)