Tick...Japanese with all their earthquake problems still put up the $250m for LYC phase 2
Tick...first feed from concentrations plant this week.
Tick...Crown deal dead never again to see light of day except for LYC $50B in ground resource for once LAMP successfully producing.
Tick...brokers upbeat valuations GS $3.75, Patersons $2.95 based on LT REO basket price of only $40, currently $163...you do the math if proves to be a permanent or even semi permananent shift in basket price due to the demand-supply-Chinese forces then running $160/kg long term equates to an NPV of $13.60 per share. Even running at half that level ($80/kg) equates to an NPV of $6.50 per share.
Pending positive outcome...by 30 June Malaysia hand picked environmental panel give the green light to LAMP.
Pending positive outcome...strengthen board governance with 2 independent directors with shareholder association allegiance.Timeline: ASAP
Pending positive outcome...LAMP first production Sept11, 18 months + jump on non-global competitors!
Pending positive outcome...LAMP phase 2 production 22,000 tonnes pa. Happy days.
Pending positive outcome...Crown start development under LYC control with synergies from phase 2. Happier days.
Crystal Ball...BHP / Rio in bidding war for LYC...or is LYC now cashed up ready to take them out!!
IMHO only. Good luck to all.
moons aligning...sp ready for lift off!!
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$6.06 |
Change
0.040(0.66%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $5.80 | $6.06 | $5.76 | $50.03M | 8.403M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3840 | $6.03 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 39097 | 4 |
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