It's also worth noting that the Largo ceo did say in the video...

It's also worth noting that the Largo ceo did say in the video that he would hope the price would stabilize at $7/lb which is a fair bit lower than our assumed $13/lb. I know he said this mid-2017, but the looming slow down in Chinese production and increase was well-understood at that point if I'm not mistaken. Hopefully he was just lowballing.

I realise that if we were still producing at these levels, we'd be making a satisfactory amount of cashflow, but I would be concerned that getting to production would become much harder.