please explain, page-10

Get serious, take a look at the projected output from Duncan.

Every merchant banker on the planet will be falling over themselves to fund 5ktpa Nd/Pr + 300tpa Dy let alone 178tpa Eu, 62tpa Tb & 1100tpa Y, do the math.

Initial production will be WA because they won't be carting the 500,000tpa input too far, but no reason the 13,000tpa mixed chlorides (Th free) won't go to LAMP 3 for final separation.

If anyone is looking for a reason to hold Lynas visit http://www.lynascorp.com/Announcements/2012/Duncan_Update_Clean_FINAL_140612_1119182.pdf
and do some basic math. Mind you the sheer volumes of CREO are likely to soften prices but it's still a blockbuster. Have a good look at all the purported "heavy" projects and find me one with better potential volumes or suite.