wintermute,
With such fundamentals, one would be a fool to sell now?
Where's the risk?
The reason a junior may be valued at several times less than what it's projected to be worth (with JORC) is exactly the reason you say. Because nothing has been dug up, transported and sold.
In most cases the juniors still need to fund the development.
Lynas perhaps ticks all the boxes except for proving profitability in terms of margin.
Anyone can predict the future price of REE but nobody knows what it will be 1 year, 2 years or even 3 years from now.
I am of the opinion (if I'm allowed to have one) that what goes up must come down. With regard to REE prices I believe sooner rather than later.
End of story. LOL
;)
Nic
projected income and expenses , page-4
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