lyc is a bubble at this price

I know the vast majority will want to attack me for saying such a "treasing like" statement but at $3.7bn mkt cap this is getting to the bubble like valuation level.
Like all good bubbles everyone has solid views and reasons to suggest this is going up know matter what.
There is no climbing the wall of worry here the sentiment is simply "no can loose"
This is bubble territory!
You will find that the company will lock in long term contracts with clients on its production all the way up to actual production so spot prices in the grey market will not be reflective of actual prices for long term supply.
By the time this company goes into production there will hundreds of new finds at all with differing production times tables which will flatten out the demand / supply future curve and thus the price perception will fall.
I would say this stock is near to or at the top. Like all bubbles the upside is often overblown and reached prior to the fact of the actual earnings coming through.
Rare earth are not rare, but in this unique time they are but future perception of supply will crunch this market back to the mundane it was prior.
The gap to the supply side willl be filled by long term price contracts.
Just my humble thoughts a fun stock nevertheless but from here on is really getting in dangerous territory