Rare Earth Pricing Shanghai and New York, page-273

Looking at what happened in the last "Perfect Storm" in 2011 when China embargoed Rare Earths, we can see that once the price for Nd hit US$100/kg in about Feb 2011 it only took six months till it peaked at US$370/kg




We can then look at what happened to Lynas Corp, during that same period;
Note: Mt Weld started construction in April 2010 with commissioning of the Mill in May 2011 allowing the Mine to be opened in August.2011



So it appears that LYC SP was initially kicked off at $5 with the Start of Construction, which coincided with the start of the RE Price rise ~ $40/kg
The SP then rose steadily up to $17 in Dec 2010 when it took a brief hit back to $12 before skyrocketing to $28 in May, just before the peak RE price in June 2011. after which Nd and LYC prices fell in unison till 2013.

Now LYC had/has nearly 1 Billion Shares issued, demand for Nd has more than tripled and inflation would be at least 200% since then.

So What price Pensana, if Nd were to hit US$400 or even a $1,000/kg within the next 6-8 months ?

(Note: demand might not be affected too much as the marginal cost for a Tesla would only be increased < $900 per unit)