I always keep an eye on Molycorp as a basis of cmparison with LYC.
Right Now Molycorp market cap $4.3b
Lyc market cap $2.5b
The difference is approximately $1share on LYC taking it to $2.50 on a like for like valuation.
So in a risk averse market an apples and apples comparison LYC is miles behind on value and therefore miles ahead in opportunity on arelative basis.
There is no justification for this gap right now imho unless of course one feels that the pr op license wont be granted?? On a first to market basis LYC is 12 months ahead with funding and contracts in place.
So as in the past just watch this gap narrow and in a hurry once the pre op license is granted.
Good luck to all
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Last
$7.89 |
Change
0.200(2.60%) |
Mkt cap ! $7.328B |
Open | High | Low | Value | Volume |
$7.72 | $7.93 | $7.70 | $4.252M | 542.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 2799 | $7.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.89 | 440 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 3013 | 7.870 |
20 | 11364 | 7.860 |
15 | 7459 | 7.850 |
11 | 13904 | 7.840 |
9 | 22189 | 7.830 |
Price($) | Vol. | No. |
---|---|---|
7.890 | 5818 | 16 |
7.900 | 9683 | 11 |
7.910 | 9885 | 9 |
7.920 | 11607 | 12 |
7.930 | 16466 | 9 |
Last trade - 12.12pm 08/10/2024 (20 minute delay) ? |
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LYC (ASX) Chart |