LYC 1.10% $7.67 lynas rare earths limited

lyc risk reward equation, page-195

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    CT, there is no point. LYC hasn't a clue what the COP will be, only estimates which range from $4.50/kg for a Total Operating Cost back in 2007, to $19 for only Cost Of Production now. TOC is larger than COP.

    Moly couldn't get their estimates within cooee, and they've had production experience. Why would Lynas' estimates be any better?
 
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