Price/Earnings will ultimately be determined by the scale & scope of the ROW mkt, ATM that rests in the hands of Joe Biden & US 16.5% of global manufacturing economy.
If Joe is serious about competing with China building sustainable supply chains of CM, particularly in this case the "vitamins of industry", to support high value add downstream manufacturing Lynas earnings potential is virtually unquantifiable looking forward, i.e. how much Ce can they sell into Cat Lean @15kg?
CCJ still thinks of REO as commodities, historic PE's meaningless, talk re dividends comical, they day they do is the day they admit they can't do better than bank rates investing in REO.
Lynas has built massive advantage REO process, over every ROW wannabe, with a resource with some strong competitive features, should US & ROW finally be ready to take REO seriously Lynas sits in a totally unique position.
Remains to be seen that it gets the level playing field it needs, perhaps the wait is nearly done.
LYC Price at posting:
$5.48 Sentiment: Hold Disclosure: Held
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