I have driven pass the massive Lynus plant under construction near Kalgoorlie. All I can say is I am very pleased Western Australia has yet another massive important, highly sought after resource and Lynus has demonstrated the foresight to process and refine (First stage) the raw ore from Mt Weld. Just this part of the process will have a positive impact on reducing carbon emissions, in that, smaller quantities of ore will now be sent overseas for processing. It is a healthier strategic move, and I would encourage Lynus to sometime in the near future consider further refining the ore in Australia instead of shipping it overseas, to have it broken down into its various rare earth elements. This homeland need may become a reality if and when our shipping routes are compromised. Rome was not built in a day, and it's the same for this complex large Lynus down streaming plant strategically located near Kalgoorlie. I know shareholders just want to make a killing on these shares but there is more at stake here. Thank you for supporting Australia, the lucky country. Lynas-Kalgoorlie-Community-Project-Update-March-2023.pdf (lynasrareearths.com)
LYC Price at posting:
$6.06 Sentiment: Buy Disclosure: Held
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