LYC 1.65% $6.15 lynas rare earths limited

On 31/7/17 the NdPr price was US$48.3kg. Today the NdPr price...

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    On 31/7/17 the NdPr price was US$48.3kg. Today the NdPr price was US$51.5kg, an imcrease of US$3.2kg or 6.6% over the week. The FY2018 forecast production of NdPr is 5,400 tonnes. So that means in one week LYC's annualised PAT has increased by US$17.3m or A$21.6m. Not bad for a week's work! Applying a PE of 12 to this PAT increase should result in LYC's market value increasing by A$259m which when divided by 7111m shares (fully diluted for debt & warrant conversion) should result in the share price going up by 3.5cps. Fascinating stuff and it looks like the share price is starting to respond to this persistent increase in NdPr prices.
    (Note: All NdPr prices exclude VAT)
 
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