"If there is a change in policy, we simply ask that it is fair...

"If there is a change in policy, we simply ask that it is fair [and that we are] treated consistently with other companies in Malaysia and we are given time to adjust to any change."

"given time", this may end up the key point if other compromises are flatly rejected.

Reasonable time to remove the WLP, particularly as NO immediate danger or threat has been identified, to the point recent rhetoric has been watered right down to some, future, maybe.

Reasonable time to restructure the business practice, such as reduced NUF requiring CapEx as mentioned, perhaps a progressive shift of C&L back to Australia.

Appears the watermelons may have had some form of lecture economics of RE/Malaysia as they seem to be wary now of "shut down" rhetoric, given NO immediate danger has been identified by anyone the Sept deadline looks quite impulsive.

Worst case fallback for Lynas would be 2/3 year program to both remove WLP and modify process, also as a base for expansion elsewhere.

Costings 2/3yr removal program would have a minimal impact on earnings, program for expansion Australia & elsewhere would have a significant impact SP.