Big dose of reality, page-66

"Simply implies that Dy is 8.6% of the TREO contained in a 52% mixed concentrate. Do you understand what the 52% represents?
Again, using separated oxide prices or the "basket price" to value NTU 52% mixed concentrate is incorrect."

I think that it takes a lot of audacity, actually I see it as an affront to our intelligence, to suggest that neither NTU nor Lianyugang Zeyu Materials Sales Co Ltd, a 51% owned subsidiary of the Guandong Rare Earths Group, one of the 5 major heavy rare earth companies in China could not be aware of all that and much more when negotiating the off-take agreement between themselves.

"NTU management are expecting the $10m off take prepayment to be made during March Quarter. I don’t believe it is going to happen, just like every other failed funding agreement with Chinese companies."

I also think that only a person full of pr-conceived negativity towards NTU or China can suggest that Lianyugang Zeyu Materials Sales Co Ltd is about to dishonor a bona fide agreement signed with NTU, just because it is either a Chinese company or that serves the interests of some HC posters.

"NTU current business plan is to produce a 52% mixed concentrate low value product and sell it into China, an already oversupplied market. Wheres the value add in that?"

NTU is an independent supplier that has joined forces and is working closely together with another entity entrusted with management of the flow through the entire value-added chain, at least during its initial phase.