Wesfarmers and Lynas, page-19

JB, spot on with those comments.
The other asset which WES would be targeting will be current and future residues. Massive value to WES to add into their fertilizer manufacture, pack and distribution business. Also future residues from C&L in Kalgoorlie. The sheer volume of these residues that can be easily monetised by a company such as WES would add significant value to the deal.
I agree, about time an analyst took a look at this aspect of the Lynas business and the value add synergies these would bring to a company such as WES. I have little doubt WES advisors will have already completed this analysis.
An updated DCF on known and expected MW resources would also be a useful addition to our knowledge base. Given the plans C&L residues could also be included. Not sure what they would add but certainly be a co product to offset expected COP increases with move to Kalgoorlie.