LYC 0.39% $7.75 lynas rare earths limited

Whoa stop right there Hold your horses. I think we might be...

  1. 1,748 Posts.
    lightbulb Created with Sketch. 222
    Whoa stop right there Hold your horses. I think we might be getting a little bit ahead of ourselves. This is Lynas, when have they delivered? If you looked up Lynas you'd find it next to having teeth drawn with no anesthetic, fingernails nails removed with pliers and any other mundane torture one might care to think of.

    Production for this year 13/14 according to the Lynas announcements

    October 100 tonnes
    November 350 tonnes
    December 389 tonnes

    To meet nameplate 916 tonnes per month is required according to my calculator. That's a fair leap forward from December's numbers(regardless of the weather). I'm thinking 30 tonnes per day will give nameplate. The question to ask is how many days did Lynas produce 30 tonnes in January and if they did how many consecutive days was 30 tonnes produced. I'm hoping for 900 tonnes plus but I'm of the view Lynas have a knack of not delivering (maybe the tide has turned for Lynas but the little bloke in the back of my head says no!!). I've made no allowance for phase 2

 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.