LYC 0.90% $7.70 lynas rare earths limited

let me get this right

  1. ds
    7,131 Posts.
    Did I really get to buy into a 50 year mine life of the highest concentration of Rare Earths plus a completed, state of the art processing facility domiciled in a stable country with low cost of labour and great geographical proximity to the largest consumers of Rare Earths, at a stage where the global epicentre of humanity is becoming middle class and consuming products that use Rare earths all at a market cap of about $A500m?

    Is it true that I bought into a company that has no less than 6 international, independent bodies give it a thumbs up on the safety of the processing facilities for less then $A600m?

    Did I really buy into a company that also has a scale up ability and supply chain in tact to go into double the production if RE prices rise for under 30c?

    I must be dreaming . . .
 
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