Ann: NTU Hallgarten and Company Coverage Update, page-41

Hi there Christopher, good of you to pop in.

Quick rationalisation the non holders interest here, certainly mine:



Of course JL Mag is a sub of Sth RE Group with 50% China's HRE production quota & 15% LRE, top 5 NdFeB producer +6000tpa.



Forecast from Arnolds, significant US SmCo producer, back from 2012 who were obviously aware of GBD but probably not aware full significance or potential low O2 process, fine particle alignment, etc.

As I'm personally invested NdPr these projections have been of interest for some years, and as NTU are one of the few left promoting Dy this forum is an obvious place for discussion.

Are you happy for a constructive dialogue around the basis for your forward price projections Dy?

Most of the material I'm finding would support the numbers Edison recently reverted to, so I'd be interested in your data/thought process.