LYC 4.18% $7.72 lynas rare earths limited

i can see clearly, now...., page-8

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    Sales $300m for 11,000t = $27.27/kg

    Total costs $24/kg (my guess, but usually my guesses have been better than management's so far)

    Profit of $3.27kg = total profit of $36m, with $2bn shares on issue is eps of 1.83c at a P/E of ten is 18.3c.

    Even if you double the profit by reducing the costs to $20.73/kg, you only get a valuation of 36.6c.
 
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