LYC 0.48% $6.26 lynas rare earths limited

Technical, page-1397

  1. 6,248 Posts.
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    Thinking unless the Chinese get involved in a reasonable way the Turks may well end up with a MP that was for a flop for 20 years - 2 different owners - various other key stakeholders (Chinese/US GOV) - So yes - it is only a resource in the ground - no PFS/BFS that I am aware of just assumptions - and as I was always highlight the time Amanda stated "our best asset is our tech knowledge" which was only a year or so ago and a huge statement in reference to huge assets in the operational Mt weld mine and huge deposit - LAMP - and already planned Kal expansions drawn up which have since of course seen key approvals/[permitting and construction going at a rapid pace.
    So unless the Chinese get involved in the beginning then the Turkish deposit could take a decade to produce any quantities at product that has received qualification at end users requirements.

    Shareholders - The market needs to prepare itself for more opportunistic headlines such as this one and the recent GS BS - It it just self serving in a time of volatility that the "big end" will pay for any such coverage internally or externally for opportunistic buying themselves from spooked retail shareholders.
 
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