Ann: NTU Hallgarten and Company Coverage Update, page-25

h0rc0. Yes I read the whole report,

And I believe that the P&L that has been put together on page 17 of the report says it all.  It clearly lets the NTU punters know that unless there is a significant increase in the price of DyO there is no chance of the pilot plant being able to return any positive balance sheet.  
Above is pretty much inline with NTU's financial advisor report July 17 by Argonaut.

My A:  I can come up with a few simple valid and logical reasons,  number one is simply Economics, hence the reason Lynas ATM have withdrawn from sale their HREE/SEG mix, a mix that annually contains roughly 50,000+ Kg's of Dysprosium. Withdrawn due to poor price.
"Still didn't answer the question, if they have 50,000+ Kg of Dysprosium in the mix  why not sell it and pay off some debt ? Even with poor price DyO  is still 3 times above the price they are getting for their LRE product."

Above: My A: answered your question,
Lynas "DO NOT PRODUCE DyO", just as NTU have no intention of producing DyO through their pilot plant.

I think it might help you if you do a little research to fully understand RE elements, starting from out of the ground, through processing and separation to end markets.


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