Where do you see that? Tax rate is low what did you use to calculate tax rate?
Just figured out that you used revenue and profit. Profit is revenue - all expenses. Expenses include Plant operation costs, Admin, Finacial gains and loses, Depreciation, and many other things all shown on pg 60 &61 of AR and in the notes to those items, Yes taxes are included but they are very small compared to the other things. The tone of your post says you were aware that something was not correct. I to occasionally come up with crazy numbers. The difference is I go back and reexamine what i did and find the mistake. Becoming confused was fine we all do it. Not figuring it out before posting is bad.
If you do not understand something as basic as this you should buy mutual funds & ETFs not individual stocks. If you want to be in REE space look at the ETF REMX.
LYC Price at posting:
$6.73 Sentiment: None Disclosure: Not Held
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