How does a single hole test have any impact on Lynas SP? IF nothing of importance there is no impact. If rich ore then many more holes will have to be drilled to verify size and extent. Its deep with lots of good ore above it. So when will impact on earnings occur 10 years 20 years? My guess is Lynas wants to put some Tailings in old pits this will be more true when KAL is in production. They are just making sure there is nothing down there first to avoid needing to move tailing multiple times. AL has not said anything about why they are drilling don't you think if they thought something was down there they would have mentioned it? A very good idea to do this drilling. The assumptions people have made are almost as crazy as Lynas buying BHP after they signed a contract for ACID.
LYC Price at posting:
$8.92 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)