Agree on the Y point totally ddzx, I believe it's completely...

Agree on the Y point totally ddzx, I believe it's completely overblown as a CREO on the demand/supply projections I've seen together with all the potential new supply around the place.

Just Duncan, ALK & NTU are talking 4ktpa and that's 40% of existing supply and 30% of projected demand 2015/6 putting it way oversupplied on all but the most aggressive demand projections. If none of the above get up there are a myriad of other projects with ample Y.

It's very sensitive to lighting so LED/OLED will have a big impact if there is accelerated takeup. Certainly the Ce of the CREO suite at best IMO.

For mine CUX need to identify some higher grade Xenotime deposits with an enhanced product suite and improve recoveries to have a shot - all doable, wait and see.

Three things I do like:

- Pancon came back on board and paid up arrears - they obviously don't think their flushing their cash.
- They are projecting a 2015 start up, which was disappointing to me initially as I've spec'd this on quick to market, but then I thought I'd rather have a conservative approach without too much BS and be surprised rather than the reverse. NTU is also still spruiking a 2015 start up and I simply don't find that credible and it leaves SH's exposed.
- If the alluvials do prove economic they will get the opportunity to chase down the potential hard rock source.

Last, but not least, I'm far more comfortable backing a crusty old Geo like Geoff Eupene than some of the "smart money" boys in the RE scene, not forgetting the U in CUX of course.

Pardon my ramble, must be Xmas, have a good one all & let's see what the NY brings.