Good quote from Gareth Stoops, it's something few investors have focused on, just thinking any "RE" in any format is just going to find a market, voila!
Digging into the Lynas play book again, they've had that concept for several years with initial process at the LAMP. A lot of customer specific, made to order product from Ce/La, Nd/Pr oxides and SEG/HRE toll processed. They'll refine that further but you also need to look at the key components of the marketing stream Eu & Tb to Rhodia for phosphors & Nd/Pr/Dy to Siemens & others for magnets.
Point is, no matter the resource you need to be able to present your "product" in the most useful form/combination as there is no real "market" for RE as such but rather a diverse number of end users making totally distinct product from different RE, or combinations of RE.
Remains to be seen how far CUX can get down that track but they do start with a well balanced & full suite, although less Ce would of course be better, perhaps the Xenotime zones. First step is obviously proving up an economic con and then seeing who wants to what with it.
BTW, apologies my previous 30% should have read 25%, in Lynas's case a $36kg "basket" discounted to $27kg for contracted off take. That of course applies to 99% oxides or equivalent, anything less would be further discounted.
CUX Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
