Ann: Chairman's Address to Shareholders, page-4

NTU plans to produce 1,700 tonnes of total rare earth oxide in a mixed carbonate over a three-year period. The 72,000 tonnes per annum pilot plant is expected to begin first production of heavy rare earth carbonate in mid-2018.
What is also worth pointing out is the size of another rare earth metal miner “ Lynas Corporation (ASX: LYC). LYC's Mt Weld mine is predominantly light rare earths “ which sell for much less on world markets.
Regardless, LYC is currently capped at over $700M.

NTU is currently capped at just $105.5M, and will be mining the more valuable heavy rare earths “ with the only mine outside of China.

So as NTU gradually progresses through development stages, we would hope it starts to catch up to Lynas in terms of market cap.


Disgraceful!