LYC 2.06% $5.95 lynas rare earths limited

Strong, page-213

  1. 12,135 Posts.
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    Gee aren't you shortsighted.
    Yes, I'm a promoter of SCORE Sarawak. Yes, I'm a non holder of LYC as I consider it overpriced and under delivers. Has never paid a dividend and will be many years before it does.

    SCORE Sarawak is a major industrial hub, the largest in SE Asia outside China. It has the cheapest power in the world, dedicated port and even conveyor belt systems that run directly from factories to port.
    Press Metal Aluminium is not only the largest aluminium smelter in SE Asia (outside China) but also one of the most profitable in the world. Three of the largest alloy smelters in SE Asia are located at SCORE Sarawak.
    Won't be long before OM Sarawak will produce metallic silicon, already is the largest producer of ferro silicon in SE Asia (outside China), also a major producer of manganese alloys.
    Many of the operators pay no import taxes, no export taxes, and have 10 year tax holidays on profits. Cheap labour and cheap power , good infrastructure, loads of cheap water make it the ideal place to operate.
    Whilst setting up in Kalgoorlie is a decision of an idiot.
 
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