"I hope i am wrong"
Thats right, you are wrong!
"The annual rare earths market is worth $1.5b with 95% of production coming out of China."
Lets say the annual non chinese demand is 60.000 t - at actuall prices of 70 US/kg this means 4,200 millions!!
lynas is only supplyer outside china this and next year and usually shareprice is fair at 10fold of annaual net win... so non chinese REO market of 4,200 million US$ and market cap of lynas of around 2,900 million US$ with expected net win per annum of around 2,200 millions seems to be pretty cheap.
my minimum goal for 2012 is 9 AUD / share.
Cheers!
ps: if you will post again some missleading "informations" i need to put you on my ignore list - sorry!
the fundamentals don't make sense, page-4
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