In fact, Lynas is a good example.
At 6,000,000 pounds at USD100, LHM is generating around AUD900,000,000 per year gross revenue at 65c USD conversion.We get 75% of the nett profit of the LHM entity.
We also have other global assets 100% owned.
Lynas is trading on a PE of 28.
Lynas market cap is $5.6 billion.
Lynas gross revenue around AUD700,000,000
All Lynas figures from Trading View.
Ann: Proposed Consolidation of Share Capital, page-79
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