IMO, In two years time we should be well and truly into production. How much profit they will be making will depend on RE prices, but assuming that NdPr will be somewhere around US$200,000/t and Registry dilution is kept below 100% then we should have an SP somewhere between $10-20. A lot can happen in two years, hopefully we are all still here !
Rare Earth Pricing Shanghai and New York, page-791
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