share price is irrelevant its the mkt cap that is what you measure as molycorp has less shares on issue.
the point is with 500m of funding required by mcp then the gap is more like 1.5bill which means lyc should be 90c higher right now on the value scale.
if you exclude the funding then lyc should be 60c higher right now.
given lyc will roduce 12 months earlier arguably lyc should command a premium not the massive discount that there is to mcp.
value hunters will eventually close the gap imho.
molycorp comparison, page-4
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Last
$6.09 |
Change
0.030(0.50%) |
Mkt cap ! $5.692B | |||
| Open | High | Low | Value | Volume |
| $6.13 | $6.16 | $6.07 | $11.61M | 1.903M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12747 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.12 | 7550 | 2 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |