jantimot does make a valid point. It is an historical statement...

jantimot does make a valid point. It is an historical statement as at 31/12/13 but the comments re the use of Ph2 crack & leach are ambiguous at best, leaving speculation over CoP impacts wide open.
Malaysia ops page 7:
https://www.lynascorp.com/Annual Reports/Lynas - Interim Report 31 Dec 1310832.pdf

Contrary to that we have EN's April comment:
"Mr Noyrez also noted that at current prices, the Company expects to be operating cash flow1 neutral at a monthly sales rate of around 750 tonnes REO."
"1 Operating costs defined as all Group ongoing costs including overheads and excluding specific capital expenditure, financing costs and non-recurring items."
https://www.lynascorp.com/Announcem...pdate April 2014_CLEAN final - correction.pdf

While no guidance to the contrary (which you would think mandatory) it is very much an issue Lynas need to clarify ASAP. "Nameplate" is clearly now 22ktpa but exactly what assets are being employed to achieve target run rate 11ktpa and resulting CoP impacts?