As of Thursday NdPr price was 98 USD WV, remove VAT $67. covert...

As of Thursday NdPr price was 98 USD WV, remove VAT $67. covert AUD about UUD 98 so I can agree with your AUD 100. What I do not get is your comment of break even of AUD 40. 1 where did you get this? 2 Who cares? It seems very low especially if you listen to SAR CC, Q &A section. Lets say for a moment that you are correct. Last year during Q3 and Q4 Average price was about $130 USD /.7 = 185 AUD. Now when prices were going up, You loved to say all increases in NDPR went right to bottom Line To find Q3 and Q4 subtract SAR from AR. Revenue 920 AUD - 314 = 546 Profits 540 -226= 390
for NDPR price I will use 125 AUD KG not $100 because there is a 3 month delay book to bill so not all of recent price drop will be seen. 60/ 185 = 33% price drop. so we can expect a drop to 617. or 309 M AUD Delta now if all on this board are correct and all of this comes off of bottom line. Then revenue goes from $920 to 546, profits 540 to 390. What do you think impact will be on SP? I personally do not care at all what break even is. It is a diversion to make people think it's all OK, I am concerned with SP and that is controlled by Revenue and profits When they go down SP go down.

Because of book to bill delay we only see a small part of this Revenue drop in Q3 but it will realy hit in Q4

The 1.1B of cash, includes JARE, will help tremendously With revenue down watch how fast they use this up. JMO cash at AR will be about 900M, increase from JARE AUD 200M is gone.