I believe the asset value of plant and equipment and other financials is around 40 cents per share. Then there is the value of the Mt Weld concentrate which is ready to ship to any suitable processor.
Worst case scenario is LYC would get a liquidation value for the Malaysian facility plus compensation from the Malaysian Government for stopping an already approved development. Say somewhere between 20 and 40 cents left in the asset value.
Next, if we don't have a processing plant anymore I would imagine due to its cleanliness the current stockpile and continued availability of concentrate might readily find a buyer elsewhere (say in China) if it ever went on to the open market.
Add to that some enterprise value for the mine in Malawi and some value for the under researched Crown deposit. I'd expect to get a return on my shares in a year or 2, but I'll be highly dissapointed.
On the other hand if TOL is issued any time soon.....
Unfortunatley no money left in the piggy bank here to buy at these prices.
losing confidence, page-11
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$6.02 |
Change
-0.030(0.50%) |
Mkt cap ! $5.627B | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.08 | $5.88 | $43.41M | 7.258M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6279 | $6.00 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.04 | 31762 | 5 |
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