LYC 1.05% $6.73 lynas rare earths limited

Lynas USA project

  1. 993 Posts.
    lightbulb Created with Sketch. 2225
    With the recently announced DoD funding and purchase of land, we should slowly start seeing an uptick regarding news relating to this. I thought it would be good to have them collected under a new thread.

    To kick things off, I've come by some useful information:

    - Land purchase was <$500k
    - Expected cost for facility: $207m

    This latter number would mean we have a ~20% buffer in our DoD 'allowance', likely no extra cost for us despite recent inflation.

    Also, we have been approved for tax incentives, including tax on our future facility. For example, the value of our property has been fixed at $30m (instead of ~$300m), meaning tax on property will be $360,000/y rather than 10x that. More to come..

    All numbers in USD.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.73
Change
0.070(1.05%)
Mkt cap ! $6.262B
Open High Low Value Volume
$6.71 $6.75 $6.68 $16.15M 2.404M

Buyers (Bids)

No. Vol. Price($)
1 11 $6.73
 

Sellers (Offers)

Price($) Vol. No.
$6.74 48458 12
View Market Depth
Last trade - 16.10pm 03/06/2024 (20 minute delay) ?
Last
$6.71
  Change
0.070 ( 0.95 %)
Open High Low Volume
$6.66 $6.75 $6.66 922720
Last updated 15.59pm 03/06/2024 ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.