Ann: Variation to Loan Agreement, page-19

NTU sits at a cross road awaiting REE price rises.
But then every other REE assoiated company does.

"Emerging producer and existing producer"
But these two types of producers face totally different issues..
Existing producers have operational costs far higher than the other. They cant afford any commodity price drop because they are in full operation and have large opex demands. This case theres barely a making of profit. Its always dangerous with high operational and capital costs.Plus if in say  an unsettled location with dubious operations and real world classic producer problems destroying its market cap. No doubt it would just end up in a japanese fire sale or having to start again and rebuilt facilities in more logical  but less profitable location at a MASSIVE cost. All REAL WORLD PRODUCER PROBLEMS (emerging in an overinflaated SP)
Dangers are everywhere for full producers and it seems the market doesnt like dangers much. Therefore when any company starts getting these real world issues. All investers flounder in the red and slowly bleed out like deflating dominos as an existing producers real world issues continues to roll out.
All existing producers face this stage of their cycle eventually. Its a common business cycle in economics and not many producers escape it in the end. They are  simply hard times. I tried to say this a year ago to some and look whats happened since.

However if an upcoming producer at start up can avoid all these ongoing long term headaches  they have more to offer an upside.(however emerging producers have other issues. But what matters is these issues are minor as they impede the profits less)

In the end if REE prices go up. Everyone listed with REEs will do well.

Many lodes, on REE price rises. Such as NTUs. Also become highly viable and compounds into profitability much faster than existing lessor cost exisiting producers. A 10% lift in commodity price for a low cost producer can be a 100% boost to the books for a high. Then you have SP growth from operational outputs at greater % rises in the start up years and greater returns on increases on offtakes, project advancement, developments etc.Positive developments not producer profit issues and uncertaincies. Giving emerging producers like NTU the FAR greater profits over existing producers should REE prices move higher. Which is in the end what everyone here is actually investing in.

But of course timing of either beats all this profiting overall as Ive shown Ausheds only just recently.