lynas, a value investment..., page-23

gdavid73,
My calculations are for CY 2012 (like Lynas in their presentations).
Your MRE warning is a good risk reminder. But the engineering issue right now works in Lynas' favor. Management has made mistakes of greed IMO. But the LAMP is the most planned out and least rushed project in our field. I also think are first mover advantage is far greater than current market expectations (Moly acquisitions and Lynas long term contracts support this point).
All other rare earth projects face tougher time lines and funding issues than Lynas. The mistakes you mention are far more likely when a company is scrambling, makes unrealistic promises, and risks embellishments like Moly; or if it feels funding pressures like Avalon try to raise a billion dollars without earnings; or even Arafura that might be hearing the footsteps of oncoming supplies risks corner cutting temptations. These might be good stocks but you caution applies even better for others than it does for Lynas.