I have sent through an email to Lynas on the matter, must say it is the first time I have used foul language when addressing the poor guys/girls handling PR, basically saying WTF are they doing discussing estimated profit numbers exclusively with a Malaysian publication.
The devil is in the detail behind the numbers though - I.e. non cash cost like depreciation will be quite big obviously so actual cash flow should be very positive even in this subdued environment, and it includes potential extra costs from keeping phase 2 in standby mode for a full year, and extra costs incurred during ramp up of phase 1 and waste product development and still they would make a profit.
I guess the guys who said lynas would go bankrupt in a few months are ehhm wrong...
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