Stock price, page-245

Back up a little the original estimate was early 2023 with 100% capacity when licenses to import MT Weld concentrate expired in June 0f 2023.

Kalgoorlie as you said is just a big money pit for the next two years. Expensive to run. Costs several times what it was supposed to and has lower capacity. and is not needed unless MAL changes license in two years. Or maybe after Texas is complete, Probably more than 3 years never mind 2. The number one thing controlling Stock price is profits and revenue and that is controlled by REE prices. Lynas profit per KT of REE prices will be near Zero maybe in the red. REE prices are unlikely to rise in the near future. We have had yet another Quota drop in China and SMM says the plants are running at 75% of capacity which means they have plenty of capacity left to hold prices low if demand recovers. Right now demand forecast are still dropping from the ridiculous estimates a year ago. Demand is still increasing a little but compared to the estimates everyone was working with it is effectively Zero.