Precisely, I deliberately put it that way so you specifically...

Precisely, I deliberately put it that way so you specifically could understand the mark back by UBS who are probably the most realistic on prices of any analyst.

I also make the point that UBS, totally contrary to your good self, have NOT marked back their NPV as a knee jerk reaction EBITDA rather an 8% allowance IF WLP export is required.

Again, TOTALLY contrary to the fanciful prices employed recent "DFS", UBS have marked back both immediate & near term NdPr assumptions with the telling comment: "We have pushed out our assumed recovery in pricing, driven by rapid uptake of electric vehicles."

Appears they also believe BEV is proving rather tardy. Dare I suggest a demand not yet factored by the mkt?

Regardless their realistic/conservative price assumptions/mark backs NdPr thru 2021 they have EPS & Net cash literally exploding from 20FY.

BTW, your claim "Pr had purity problems" is totally false, Pr always takes longer to process, like 21 days in circuit, and AL commented to effect, a little trickier to bring up to spec. That is NOT a problem but an example of the growing body of IP that puts Lynas light years in front of the wannabes.

Lol, can't resist a little hyperbole, Lynas now Starship Enterprise ROW RE, currently dealing with The Xindi.