RE:RE:RE:Global News wireAgain, laughably naive Dragon, you SERIOUSLY believe that garbage that one single stage of the incredibly complex process of taking RE ore of multiple grades & host materials through to calcinated, finished oxides can have such a singular outcome on the cost structure.
Frankly I'm staggered Gareth Hatch would sign off on such a wild statement with no parametres, pure "mktg" gloss.
Having been through every stage of Lynas process, from Mt Weld during the last mining campaign that graded 17% TREO (Bokan 0.6%) to the LAMP on five occassions over five years, Mgt has made me very aware of the significant & continuous innitiatives to not only lift cost efficiencies but to also add value in order to keep in touch with the Chinese.
IMC are dealing with a single stage of the process, even IF they have a Magic Pudding at half the separation cost of CNRE it is meaningless without a competitive feed to start with, and that encompasses a myriad of factors.
In simple terms, garbage in, garbage out.