One more thing ContrayJ. Yes LYC has been unprofitable. BUT my numbers suggest LYC broke even in Q3 and made a small profit in Q4. It was operating cashflow positive in Q3 & Q4 (Per QTR reports). This performance occurred when NdPr prices were US$33.00kg in Q3 and US$36.53 in Q4 (QTR reports). AL has stated that OPEX is now fixed (within reasonable parameters) at A$54m pq. So ANY INCREASE in REO prices will flow straight through to PAT (No tax). The NdPr price on 7/8/17 was US$51.53/kg (Excludes VAT). This is an increase of US$15.00kg compared to Q4 which is pure, unadulterated PROFIT. Hence LYC is in a place where investors absolutely love (The sweet spot as some Hotcopperites have called it!) and where good investment returns can be made. LYC has moved from the SPECULATIVE phase to the INVESTMENT phase and I for one am delighted. Please DYOR
LYC Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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