LYC 0.33% $6.04 lynas rare earths limited

Wee, I think the difference which will determine the winners and...

  1. 485 Posts.
    lightbulb Created with Sketch. 355
    Wee, I think the difference which will determine the winners and losers in the mining space will be the costs.

    It is ridiculous for the markets to park money in underwater RE recovery schemes. They are a boondoggle. The sea bed is the largest source of Gold on the planet. 8-10 times more than on land. But, who is mining for gold in the sea? Just a few crews, 20 feet down up in the Bering Sea.

    The costs will never justify the reward. You are correct, Mt. Weld is a true honey pot for the Western Hemisphere.

    Dont even get me started on those who want to mine the moon.

    Have a good Christmas. Merry Christmas to all.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.04
Change
-0.020(0.33%)
Mkt cap ! $5.641B
Open High Low Value Volume
$6.00 $6.10 $5.97 $12.95M 2.145M

Buyers (Bids)

No. Vol. Price($)
40 29128 $6.03
 

Sellers (Offers)

Price($) Vol. No.
$6.04 21557 26
View Market Depth
Last trade - 13.51pm 25/07/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.