LYC 1.15% $7.71 lynas rare earths limited

assuming $80 is a sustainablle future basket p, page-17

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    '2004' - we're still technically a "spec" stock so I see us trading in a volatile $1.15 - $1.35 range until further significant de-risking. I think pre-approval, hopefully in a couple of weeks, will see $1.60 reached and reduced volatility.

    OMG, I think we'd need to see evidence of a bull market before a PE of 20 is reached. The world economy will probably remain in a consolidation phase for the next 12 months so I think a conservative PE of 12 is reasonable.
 
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