LYC 0.58% $6.88 lynas rare earths limited

Let s talk LYC sp, page-31

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    Ausheds,

    no snide comments intended and I am unclear why you think my post needs deciphering.

    You went to the plant and as a shareholder, I would assume a burning question for you would have been what was the $190 impairment of Ph 1 assets was about. I have asked the company twice about what exactly the impairment was for and have not had an answer.

    There is obviously an issue with some part or parts of Ph1 plant otherwise they would not have taken a $190 mill hit.

    Lets just see if they get to 22,000T without having to spend more capital. When is your prediction on Ph 2 running and LAMP producing 22,000t per annum.

    As I said, the true plant capacity is a critical issue in the plant being profitable.
 
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