Big dose of reality, page-70

" Simply pointing it out for your benefit seeing you thought the RE contained in a 52% mixed concentrate would be worth equivalent to seperated oxide prices which is not the case."

Who told you so? Certainly not me nor NTU for that matter. In other words, that is simply an inference on your part, a product of your unruly imagination. What I said is that NTU, according to their own figures, expects to produce 1,719,000 kg of Rare Earth Oxide in a mixed Rare Earth Carbonate, an amount equivalent to 148,200 kg of dysprosium.

"I have no doubt NTU and JMAG know exactly what the 52% mixed con is worth."

If, as stated by yourself, you have no doubt that NTU and JMAG know exactly what the 52% mixed con is worth. then how can you justify your assertion that 11.5 kg of "52% mixed con" do not have the same value as 1 kg dysprosium? Can't you see that you are contradicting yourself?

"Make up whatever fantasy, feel good scenario you want, NTU plan is to supply a 52% mixed concentrate to China at a loss and at the expense of the Australian tax payer."

I am not fantasizing anything. First, with very few exceptions, no company is ever formed to implement a loss making plan. Even the ones that eventually go broke do not do that. As to the exceptions they are all fly-by-night companies designed to deliver a quick buck to their founders and promoters. NTU is not in that group.

NTU is untitled to a 43.5% Research and Development refundable tax offset because that is in the best interests of the country. If leading to a successful outcome it will allow the country to develop a new mining product of strategic importance. And if the mining output is initially sold to China at a loss then that should not represent any handout on the part Australian taxpayers to them. Actually it could even be seen by the Chinese as a form of unfair competition designed to brake their monopoly over the production of Dy.