LYC 0.26% $7.67 lynas rare earths limited

Shares on issue at last count was 1.96BBuyers have been found...

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    Shares on issue at last count was 1.96B

    Buyers have been found for 9kT of product so far, so using interim costs of $24/kg, a basket price of $37.45 and a P/E of 10 the share price comes to $0.618. This is what is priced in at the moment. As production and efficiency increase, SP should do the same.

    Assuming a stable basket price ($37.45) and P/E 10:

    9kT @ $15/kg - $1.03 per share
    9kT @ $10/kg - $1.26 per share

    11kT @ $24/kg - $0.75 per share
    11kT @ $15/kg - $1.26 per share
    11kT @ $10/kg - $1.54 per share

    22kT @ $24/kg - $1.51 per share
    22kT @ $15/kg - $2.52 per share
    22kT @ $10/kg - $3.08 per share
 
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