PE could easily be greater than 10 for a period of time.
It's simply Mr Market taking into account the likelihood of near-term additional future profit (ie a growth stock). eg If Duncan Deposit had DFS, decision to mine and was funded, then we would have a higher PE temporarily until the Duncan revenues come online in anticipation of the new earnings.
Same would apply if Lynas announced imminent JV's for magnets, missiles, lighting, metals and/or announced intention to develop the Crown poly-metallic deposit.
Cheers...
lyc way undervalued, page-80
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Last
$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75156 | $7.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 480 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |