MP in their Q CC last week was asked about REE prices. They...

MP in their Q CC last week was asked about REE prices. They replied that at current prices it was unlikely that China was making any money. They and Lynas are in total agreement on this. I will caution you that between black and red there is a big gray area. Staying open even though you may not be making money does pay rent, Maintenace, and salaries. Many companies can go in Red and still have a healthy cash flow. Many things like depreciation hit the P&L line but do not affect Cash flow. This is not sustainable for long periods but works fine for short periods.