You just said it yourself. Its only relevant "if Lynas is to get COP below Revenue" and they cant because they have no control over the demand side of the equation. The real debate needs to be should China throw Lynas a lifeline an allow them to continue to exist by raising REE prices. Me thinks not. Me thinks this is a moderate speed bleed to zero. Me thinks Lynas management will still be championing 120% production capacity the same day they are put into receivership and delisted......and they will probably be right....a magnificent production capacity achievement.
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