Ozfinancial report, page-2

Pretty much just parroting info in NTU presentations.

Thought this was rather humorous.

Potential merger between Lynas Corp (LYC) and Northern Minerals (NTU)? We believe so. Lynas, with a market cap of A$1.2bn, is the front runner in the rare earths space and largest producer outside China. As previously highlighted in figure 8 and 9, NTU is weighted towards heavy rare earths, whereas Lynas is predominantly light rare earths. 99% of heavy rare earths production comes out of China, while Lynas is making the breakthrough of light rare earths production outside of China. We would not consider NTU as a direct competitor to Lynas, but rather an enabler for Lynas as Lynas is unable to offer all of the rare earths elements outside of China. For this reason, we believe the potential tie-up between the two firms cannot be fully discounted.

NTU an enabler for Lynas

Lynas would be an enabler for NTU. If you believe that NTU will be able to acquire Lynas in the near future then you clearly believe in fairy tales.

What the person that wrote this report clearly doesn't understand is magnet manufacturers reducing dependence on Dy by developing Dy reduced/free magnets is key to ensuring REPMM remain preferred choice of EV manufacturers.

At least they got one bit right, NTU is not a competitor to Lynas in any way shape or form.