You really are a clown CCJ, confronted with the facts you double down on your dumb fabrications around Lynas, but I note even you are at a loss to challenge the realities of Molycorp, jury remains out as to whether the new financial whizz kids can overcome the inherent flaws in Project Phoenix and get the plant anywhere near a commercially viable 90% steady state.
And of course you again fall back to shifting the goal posts, you claim it took Lynas 7 yrs to produce on spec NdPO, the easily proven reality is 2.5 yrs to steady state, you fail to realise, or fabricate, that 3 yrs after start up LAMP was producing near 1000tpQ from just two trains, HALF the plants built capacity!!! Look at your own chart, clearly shows the run up from mid 2016 when trains 3&4 were commissioned over 2Q's and each brought up to 90% steady state in 90 days, lessons learnt.
Water, politics, Covid all unfortunate external issues impacting operations, nothing to do with plant capacity or operating expertise, as evidenced by 2Q's at NEXT rates immediately they were clear of those issues.
You are only fooling yourself with the ridiculous untruth "they said on page one all projects would cost AU$500M", and of course there have been cost overruns, you need to get out more.
Meantime MP's Project Phoenix is over 12 yrs in and still struggling to produce oxides at anything close to commercially viable rates, note they set the scene for further failure indicating they may have a preference for continuing concentrate sales to China over high cost oxide production.
LYC Price at posting:
$5.84 Sentiment: Hold Disclosure: Held
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