Q3 is in the books it will take a few weeks to see what the...

Q3 is in the books it will take a few weeks to see what the numbers are but it is over. NdPr started at 719 on January 6th and closed at 522, down 17 %
The Stock did not do well either. 7.89 down to 6.34 -19%. Any one that believes the 6 ~ 12 months are not going to be bad should decide what these numbers mean. JMO but Q3 '22 had revenue of 327 M AUD. I expect Q2 '23 will be down at least 25 % from that which is never good. Q2 '23 to Q3 '23 should be flat. at least For these numbers I assuming a Q production of 1600 tons NdPr. if they jump to NEXT at 1800 KT then numbers would be better. Here is a chart of Q production for NdPr I do not think they will do much better than 1650 probably less.


For historical perspective here is a 15month chart of NdPr prices in 13 months prices are down 48% Blame shorters or tesla or whoever you want but JMP this is why SP is down and will continue to drop.


Here is a more recent history with metals and oxides