LYC 0.78% $7.76 lynas rare earths limited

Technical, page-1397

  1. 6,410 Posts.
    lightbulb Created with Sketch. 1616
    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.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.