RE:The math that is UcoreYet more utter rubbish, Lynas raised A$450m for Ph1 LAMP in 2008, and the Japanese loaned a further US$225 for Ph2 in 2011, the funding was for complete circuits concentrate to finished oxides. Lynas initial problems were getting it to steady state revenues but the major debt issuess were the ECONOMICS with NdPr stuck <$40kg right thru the middle of last decade.
You would understand that IF you had any vague understanding of "math" or more correctly economics.
New challenge for you will be to try and understand the "math" around Hastings, there's going to be a lot of news, then PR, shortly which will supply the basic data. Within that there will be a costing formula that contains a value for separation, likely Chinese, US$3.50kg, apply that math to Ucore and explain to me just how they can possibly make money as the industry trends to fixed price separation???
You can find similar pricing from Iluka, and their full feasibility will be available H1 with much greater detail.
Beyond that you might even attempt to try and understand the current Chinese moves, driving even further cost efficiencies right thu the entire process, even to the point the State will be streaming magnetic oxides to the most advanced high grade NdFeB manufacturers that are expanding rapidly but still just ~35% of production.
In comparison Ucore is still trying to attach a wheel to a donkey cart.