new .35 cent price target on lynas, page-16

"Great Western, on the other hand, is going downstream, producing magnet alloy as a final product. The company has already signed a cooperation agreement with Aichi Steel, which is part of the Toyota Group. We have a Strong Buy on Great Western, and a CAD$3.50 target. We think there's an awful lot of room for that stock to move. "

Lynas Corporation, on the other hand, is going downstream, and has initiated a joint venture with Siemens. In addition, it has established a Rare Earths Direct brand with the intention of purifying and seperating rare earth ores from other miners.

"Great Western is the only player in the set that we feel has a completely defined plan for dealing with the radioactivity the operation will generate. Steenkampskraal was once a producing thorium mine. The mine is still a fully licensed and accredited thorium storage facility. "

Lynas Corporation is another player with a comprehensive plan for dealing with the radioactivity that the operation will generate... through not producing enough radiation for it to be an issue. In addition, a comprehensive long term waste management will be handed over to the AELB in August. Lynas Corporation is the only player with IAEA approval.

I felt like correcting those two points for him.