If you think Lynas is a mining company you clearly do not understand what they do very well.
Sure they mine at mt Weld however the greatest value add is as a specialist chemical company producing high purity, high value chemicals and selling them into a global market where demand will likely exceed supply for a while to come.....
LYC makes perfect financial sense, page-52
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$6.76 |
Change
0.020(0.30%) |
Mkt cap ! $6.328B | |||
| Open | High | Low | Value | Volume |
| $6.76 | $6.81 | $6.72 | $7.760M | 1.145M |
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| No. | Vol. | Price($) |
|---|---|---|
| 35 | 7428 | $6.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.76 | 460 | 4 |
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| LYC (ASX) Chart |