A table on the LYC website demonstrates that within 2 - 4 years - supply will not be able to keep pace with demand for REEs. LYC has the best quality REE in the world.
Based on the average value of the contracts signed to date - bearing in mind there is more to come - at $US490M convertes to approx $A740M - and the company presently has a market cap of around $240M - the p/e ratio, dividing the contratced earnings by 5 gives a p/e ratio of about 1.8. This is ridiculous - even for a miner/minor/miner. Also there is $140m cash in the back..and signed LOIs - I fail to understand the sell off and have been topping up as well. Hard to say where they could go to when normalcy returns to the market - $1 plus.??
A table on the LYC website demonstrates that within 2 - 4 years...
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Last
$6.30 |
Change
-0.050(0.79%) |
Mkt cap ! $5.888B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.35 | $6.29 | $13.31M | 2.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10973 | $6.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.31 | 14462 | 3 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |