LYC 0.77% $6.56 lynas rare earths limited

OMG said:"Lynas can not afford to Develop The crown deposit as...

  1. 352 Posts.
    OMG said:"Lynas can not afford to Develop The crown deposit as it will result in Further dilution of the shares. You need anotehr 1 billion dollars its a different beast in itself"

    The billion dollars and time frame you refer too is completely false and misleading.

    I dont have the time to go into it but I recall an earlier port (think maybe by chihawk) that sets out the potential costs of mining and producing results from this the (Crown) polymetals.
    maybe someone else can comment but it wont be a 1 bil$
    Check your facts -.



 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.56
Change
0.050(0.77%)
Mkt cap ! $6.131B
Open High Low Value Volume
$6.51 $6.59 $6.49 $8.348M 1.273M

Buyers (Bids)

No. Vol. Price($)
4 16304 $6.55
 

Sellers (Offers)

Price($) Vol. No.
$6.56 2708 2
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.