valuation of lyc, page-10

Hi Jan,

"Rough calculation:
Pessimistic: Phase 1 only, $60 basket price,$20 production cost/kg p/e of 10
Then it's 11,000,000 kg x $(60-20)x10 = $8.8bn value
Divide by 1.7bn shares = $5.18 once in production!
Could be doubled either by phase 2 LAMP or by prices holding up."

P1 only with your calcs (by my calcs) results in 4.4b value or $2.58/sh.
With P2 results in 5.18/sh.

Include also corp oh and wa gov royalty...

Quite conservative assumptions I believe... But, we should consider also:

Possible phase 3 (LAMP expansion to accommodate DD HREE - I'm guessing 480t extra, separated, resulting in extra .38c/share or additional $3.80 to SP alone). Exploitation of DD is likely as recently mentioned by NC.

Cheers...