"Maybe you guys should keep your traps shut until September...

"Maybe you guys should keep your traps shut until September after commissioning is finshed and we'll see how it plays out."

No need for that, NTU's paid promoter Argonaut have already laid out VERY clearly that the pilot is totally dependent the 40/45% taxpayer subsidy, and 18 months ago they stated:

"The rare earth market continues to languish at five year lows, maintained in surplus by illegal mining in China. The dysprosium oxide price is currently US$185/kg, off highs of US$1,470kg in mid-2011. However, market commentator Argus Consulting expects prices to more than double in the next 12 months to US$400/kg. Tb and Lu oxides are currently priced at US$413/kg and US$622/kg. Argonaut understands a Dy price above US$300/kg will be required to incentivise development of the full scale plant development."

Well the DyO price has only fallen further, the Argus $400kg pump piece exposed for what it always was, tripe, and absolutely no indication the price will get anywhere near $300kg again. China stockpiled 1410t last year AND just brought "illegal" production in from the shadows.

"They have an offtake agreement"

Do they? Where's the promised March Q $10M prepayment?

Lost in the mail, again?

Do you think the 40% uplift in domestic HRE mining quotas might be problematic?

After all, Jiangxi does do a nice line of 92% TREO for around $18kg.