Blueline is a tiny company who are the U.S. partner in a JV which will be dominated by Lynas. Lynas has the money, the technology and the U.S. government backing. By having a U.S. partner the JV is a wholly American company under corporate law. LYC may create a subsidiary to ensure that the legal aspects are covered.
As to reserves, I would suggest that with the discovery of at least double the current reserves the NdPr content and HRE's will be such that LYC will be good for a very long time.
MP may have a higher concentration of certain RE's but volume counts as well. LYC will be in a position to supply RE's globally with the two most advanced plants in the world.
There has been no change whatsoever in Lynas status. The new Malaysian PM is on board. Kalgoorie is on schedule. LAMP is running and prices are good. The U.S. plant is moving ahead. They just doubled, perhaps tripled reserves.
So why has the SP tanked?
All time high, page-100
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Last
$6.35 |
Change
-0.050(0.78%) |
Mkt cap ! $5.935B | |||
| Open | High | Low | Value | Volume |
| $6.46 | $6.47 | $6.34 | $19.83M | 3.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11865 | $6.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.36 | 3637 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |