LYC 2.89% $5.69 lynas rare earths limited

Yes, sorry, forgot. But the Cleansing statement says on page 24...

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    Yes, sorry, forgot. But the Cleansing statement says on page 24 that Phase 1 will be complete when the LAMP (Phase 1 not specified) has produced an average of 650t for six months with a 25% gross profit.

    Pretty academic atm.

    But note also, that if Phase 2 is not up and running under similar conditions (but probably only three months) by 31st March 2015, an additional $35m is due to SojMEC then, on top of the $45m already scheduled for that date.
 
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