Ann: NUF Update, page-50

You pontificate endlessly here with a singular focus on prices as the sole lever on earnings, either choosing to ignore or oblivious to, the potential impact of costs.

Not making any current predictions given disruptions last half but simple fact is if you pull more product out, lift production say LN targets ~40% at perhaps 10/15% increase in CoP, you are going to significantly raise earnings even with static prices.

Current half is where this should be really flowing from LN optimisation, one rationalisation for my Buy sentiment, but it is difficult to understand the impacts of Yeo Inc's economic vandalism.

Regardless, LAMP @25ktpa will be a far more cost efficient beast than @15ktpa, and be producing a significantly higher average value product, both significant contributors to LT earnings regardless ST fluctuations in mkt prices.

Lots of wannabes putting out their guesswork on CoP based on dinky little pilots, Lynas is poised to deliver real world practice based on by far the largest scale RE process to date, and I very much doubt that is fully captured in any analyst's projections, certainly not yours.

This is most definitely not a static enterprise that can be viewed thru the rear window.