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Prospects for light-rare-earth-based permanent magnet compound RFeB (R=LaCe with ) are inspected from first principles referring to the latest experimental data. Ce-rich 2:14:1 compounds come with good structure stability, reasonably good combination of magnetization and magnetic anisotropy, while a drawback lies in the low Curie temperature that is only 120~K above the room temperature at the CeFeB limit. Best compromise is inspected on the basis of ab initio data for (LaCe)FeB referring to the magnetic properties of the champion magnet compound NdFeB and prerequisite conditions imposed by practical utility.

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