yes it did seem a bit thin on the details of how they arrived at the forecast. They said they perform technical analysis, but I don’t think TA is the right tool here. This is a situation that requires careful modeling of the fundamentals.
I’m guessing they must have modeled the REE demand growth and consequent REE $/kg and the Lynas 2025 plan that might be expanded to a full processing facility etc.
Or they just guessed.
But fundamentally I don’t disagree with their forecast that Lynas could be a 3x bagger or better within a few years. And that’s without the US military funding. Good times ahead.
Lynas Stock Price Forecast, page-5
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