Thanks Cal.
Two problems with her approach as I see it. What has the ASP to do with anything? Why try to maximise the ASP? Surely it should be profitability that should be maximised. Ditto with not being interested in the tonnage. If here approach is correct, though, it implies that it isn't possible to separate the Ce/La elements at a marginal profit, hence the emphasis on Nd/Pr. However, you can only feed so much into the kilns, it doesn't matter if you manage to raise the proportions of Nd/Pr, you can't get more out that you can process from so many tonnes of ore fed.
Brave woman, saying that Phase 1 can and will operate at nameplate on a sustained basis. And that no more cash will be required. Cash flow positive has been pushed out a quarter or two from her original date of December, though. Good luck to her.
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