How did said analyst get a price target of 35 cents?
That would be a market cap of 750m... or assuming that LYC's long term profit would be maybe... 80m per annum... depending on what multiple your attribute.
... or was it based on the scrap value of the plant... or a sale to the Chinese?
I honestly have no idea how to value this company... without the license it cant produce anything... it has contract with some value... and it had an in ground resource with some value. It also has the whole non-China customer base who want to guarantee supply of this resource.
I'd like to pay between 50 and 60 cents a share for it... and I suppose that would be my entry price. But really until the license is granted it doesn't match my risk profile...
julia 1979 all is forgiven.., page-10
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Last
$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13384 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 13471 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |