Who is potentially going to JV with ARU?

[John]

Also...may explain why ARU are doing the process work on their HREE....maybe LYC wants to onshore that too in Australia....

 

[WideMouthFrog]

So that would mean that LYC can de-risk its business...and not rely on Malaysia for its processing. And ARU is the processing hub.

Also ties in nicely with all the compliments that DC gave Amanda during the interview....???

Correct, they de-risk, by having a genuine ex-China supply, and the psuedo ex-china supply (Malaysia-that carries the sovereign risk of mining in another jurisdiction) and that also gets LYC indirect access to the production tax credits, pricing floor - albeit through the higher price of the Rare earth oxide producer, and other government benefits such as loans etc to support any expansion required. Just sharing the resources...

When I read everywhere DC kept saying $130-$160 as the pricing floor, it triggered. He was catering for rare earth carbonate processors that are being squeezed by China pricing. He wasnt just fighting for 'oxide processors' (us), but for the carbonate processors that require higher margins. You can now see how the 'incentive price' gets to $130-160.

 

[WideMouthFrog]

 

[John]

Have a look here too:
https://www.investing.com/news/stoc...-in-export-agency-funding-source-says-4184083

Says aru has been offered $100m to get it quicker to FID (in my words)....