Price to earnings "didn't even exist" back in June when PPS was $1.10, back in March when PPS was $1.30, or back in February when PPS was $1.70. Phase 1 is now completed and Phase 2 is much farther along.
Every development stage company goes through many years of "price to earnings doesn't exist". The trick is to predict WHEN it will exist. Lynas may be taking the long road, but they ARE NOT out of cash at this point and seem to be ready to go once the license is handed to them.
Lynas is still sitting on far better REE grades than Molycorp owns, and will have a much lower operating structure when things get going full speed compared to Molycorp (lower labor rates, cheaper utility costs, and cheaper chemicals/raw materials costs in Malaysia versus in the USA). That places them in a better position for the long haul, 2014 to 2020.
funded thru 1q 2013; 0.035/share to fund +6 mo, page-12
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |