The longer it takes LYC to get into production will only play into the hands of the next in line e.g. ARU, ALK. LYC's market cap is $3.4Bn, will eventually produce 20ktpa REO, compared to ARU's market cap of $400M, which is looking to produce 20ktpa REO in 2 years from now. If LYC is going to start production next year, then either the next in line, e.g. ARU will be valued a lot higher, or LYC a lot lower.
nyt write up , page-6
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Last
$6.76 |
Change
0.020(0.30%) |
Mkt cap ! $6.346B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.82 | $6.68 | $2.928M | 433.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 7080 | $6.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.76 | 8410 | 22 |
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| Last trade - 11.35am 18/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |