$35 dollar assumption

I recall that not too long ago, and it may still be the rule, LYC was valued using a $35 basket price. Now REE prices may have fallen and may continue to do so but LYC but even at $35, the old spreadsheet that was floating around suggests a price of 1.84 in 2012-13 and 3.26 a year after (PE ratio of 10).

I doubt the price would fall that much but even if it does, surely this current price of 1.22 is unreasonable. After all prices are still at $150.

Anyway, I am not yet worried. The Fed will probably announce some confidence boosting policy and Greece will get their bailout which should get things back to normal.

But still.. 1.22?? damn...