I actually agree with you on some of what you say. Could you pls explain what the biggest open pit mine has to do with any thing? As long as Manufacturing has enough ore who cares how big the mine is. I can not think why this is important to you. Amount and quality is what counts not size of mine. I would prefer the ore to be twice as rich. It would lower production cost and the mine would be half as big. Some Coal mines in Wyoming are much bigger than Lynas but I do not even watch them for investments.
The mine will grow drastically as Lynas grows but that is more because the 10% + REE in the ore will be gone and they will be into the 5% and lower material. That will hurt margins. That is still years away.
Here is the Lynas announcement of the 1 KM hole look at what has shown up below the current Ore. https://wcsecure.weblink.com.au/pdf/LYC/02402286.pdf Actually I forgot where good info was The diggers and dealers presentation showed it much better. pG 8 & 9 https://wcsecure.weblink.com.au/pdf/LYC/02402801.pdf So if they expand the mine to be even a fraction of what you predict they will be into 2.2 to 2.7 % REE ore Most companies that have tried mining this type of content have failed. Higher REE prices may make this profitable but at much greater expense. What they can take out for next 20 years looks great to me after that we can see what happens.
LYC Price at posting:
$7.28 Sentiment: None Disclosure: Held
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