Thank you for the figures. I hope upgraded tech like automation...

Thank you for the figures. I hope upgraded tech like automation may offset some cost. Fortunately, there is no cost caused by those hassles like PDF. And like you admit less shipping load. I think the key is economy of scale, and high demand driven by green shift will make it happen. LAMP has 25% potential capacity, And I remember the plant in Texas will use material from Kalgoorlie. AL talked to Bloomberg this month that " Lynas may fast-track growth plans on surging rare earths demand", IMO, this is not official update of 2025 plan released in 2019, but give us some inside. I look at the plan in a dynamic way since "the only thing that does not change is change itself". Look at the demand, the geopolitical dynamics, the economic growth field in the nearer future.

I don't understand how depreciation works. I'd like to hear all perspectives about it. However, I believe Lynas has calculated it already and it should be fine.