P45..West Business..Friday June 15 edition.(3/4 page article) Headline. Duncan Deposit. Lynas eyes development of new $600m WA project. Large coloured picture. Headed. Money pit. The Mt weld mine,the richest known deposit of rare earth in the world. Included in pic..Heavy Rare earth and their uses...then lists. Its basically about Duncan replacing Malawi,and the difference between LREE,s and HREE,s.
Quote from Nick when asked .."would the difficulties in Malaysia dissuade the company from building another plant there." Quote is repeated in bold print .
"Im not going to rule anything in or out".
My opinion. As time goes on,where the processing plant will be built,is going to become very interesting. It will be a different plant processing different elements. The Plant will take about 4 yrs to build..about due for another ELECTION,so i presume Malaysia is out. Unless we are all prepared to go through this again.
LYC Price at posting:
88.0¢ Sentiment: LT Buy Disclosure: Held
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