LYC 0.48% $6.26 lynas rare earths limited

The results speak for themselves – Lynas – de-risked and going to be largest Western supplier of rare earths, page-9

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    In fact the DOD tender docs very specifically requested the applicant to demonstrate a commercial customer base of sufficient scale to support the viability of the entire project.

    Clearly while USG was happy to pony up half the CapEx they were equally clearly saying you cannot depend on any level of DOD demand critical to sustainability, and if we are going to invest USG funds you'd better be able to demonstrate a LT viable business.

    HRE would be dead easy for Lynas, they'd just point to the Japanese mag makers who'd be taking 99% anyway, certainly initially.

    But what of the LRE plant, who are Lynas going to point to there?

    More parts of the puzzle to find............

    Board won't sign off on the investment without the surety of a customer base anyway.
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