LYC 2.72% $7.87 lynas rare earths limited

Bear in mind that it won't take 60 days for every metal to be...

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    Bear in mind that it won't take 60 days for every metal to be processed out.

    The first thing will be to fill the leach circuit, then the next stage etc etc. So metals reporting to product early in the circuit will be saleable before those produced later in LAMP.

    I would think the 60 day quote is to completely fill the LAMP to operating inventory, after that point I'd be amazed if steady state retention time is longer than 7 days. I'd like to see some tank volumes though, it may be that they got a bit smart and built some excess capacity in prior to St2 upgrades.

    Interesting thing from that conference call is that LYC has about 3 months feed to LAMP on the ground as of 30 April, so clearly has a lot more now. This is a VERY good position to be in. The last thing you want to do when trying to commission a complicated plant is have to stop/start it all the time. Having plenty of feed eliminates one cause of stopping and starting.
 
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