LYC 0.00% $6.40 lynas rare earths limited

Agree @goofy seems as though The Australian story has taken some...

  1. 983 Posts.
    Agree @goofy seems as though The Australian story has taken some creative license in transcribing that from the report...Actually stated:

    After the start- up of the final SX5 separation train (Train 4) in the March quarter, production was ramped up at both Mt Weld and LAMP. 400 tonnes of NdPr oxide was produced in each of May and June. This is 90% of full design rates. It is planned to stabilize production at around this level and to conduct some minor debottlenecking prior to increasing production to full design rates.

    It is planned to stabilise production at around this level over the next 6 months and to conduct some minor debottlenecking prior to increasing production to full design rates.

    In this quarter, Lynas achieved Total Gross Sales Revenue of A$55.9m, compared to A$44.5m last quarter, bringing total FY16 Sales to A$196.1m. Sales Receipts (cash) for this quarter totalled A$50.7m compared to A$46.3m last quarter.
 
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