Ann: Mining campaign completed on time, on budget and more tonnes, page-6

Lol Anndy, way more murky than that:

They appear to be working on 100% recoveries, @ <1% TREO fairy tale stuff.

Current domestic DyO value sans VAT ~$150kg, ionic concentrate values have recently fallen further, HRE separators appear to be operating <30% capacity.

Concentrate tax: "The formula for calculation of the tax is: the tax payable equals the total income of sales of concentrate times the applicable tax rate. The new tax rates are:

• for light rare earth, 11.5% in the Inner Mongolia Autonomous Region, 9.5% in Sichuan Province, and 7.5% in Shandong Province;
• 27% for middle and heavy rare earth"

Purchaser will be liable for this 27% value tax on importing the concentrate.

What's it worth ex Darwin? I've heard single digit, any punters have a clue?