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They should?

Why are people proud of holding through big dips of 50 % or more. Take your eyes off Lynas and look what is happening in the rest of the investment world. Then look at what has happened to stocks with high MC to book and high PEs during every correction and recession in history. Then come back and tell us why you should not be very concerned with what happens over next year to 18 months. Why you should not see it as a great chance to own a lot more Lynas shares, buy selling, waiting and buying back.

Companies with low CAP EX like software companies do have a high Market Cap to book ratio. They can support it because there assets are people. Mining companies have some of the highest Cap Ex in the world to revenue. make sure you compare Lynas's to the same type of companies Take FCX Gold and coper both of which are booming. PE 15.5 Lynas 50. Book value per share 9.10 Lynas 1.20.

Just for record EVs do more for coper than REE. All that copper hooking up batteries. bussing high currents around. In the armature of the motors both big and small. Replacing rubber belts with coper intensive motors. And gold is not doing bad as well. So I think coper is a great comparison vanECH, REMX, must think so as well, in their new fund Nov. 2021 for Green Metals , GMET,. FCX is biggest or second biggest holding depending when you look at it, 9% Lynas is 21st at 1.35% total of 48 stocks held.