LYC 1.04% $7.78 lynas rare earths limited

Ann: US Department of Defence Tender, page-45

  1. 19,586 Posts.
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    Dylan at Ord's shows $4.90 as NPV estimate FY20, doubt anyone would be complaining if the SP made that!

    IMO he's overweighted HRE impact on NPV but views it in isolation.

    FY21E PE at 9 vs UBS 7.9 but Ord's using lower NdPr value, regardless their both probably talking $5/6 range with plenty of upside FY22E.
 
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