I agree with you, building the plant somewhere else would NOT be...

I agree with you, building the plant somewhere else would NOT be the end of the world, just cause a big plunge and by no means a reason to be relaxed for somebody who is heavily invested here.

A LAMP is not a LEGO-house. The consequences of LAMP being canceled would be huge imo and besides a delay of aprox. 3-4 years (that is how long it usually takes from finding a location to ending up with all permissions ready to go) there would significant question arising:

- what about the contracts?
- has LYC thought about an insurance?
- what is the basis of new cost calculations?
- how would big investors act?
- at what level would an additional funding take place?
etc.

The worst thing for Lynas of course would be that a delay of 3-4 years would wipe out the #1 argument that has indeed spoken for LYC: Lynas would have no time advantage over ALK, LYC, GWM. Molycorp would for quite a long time be the only big player outside China.

BTW: being short with a small stake I feel VERY relaxed indeed.

regards
Julia