rare earths ETF is breaking into 7 year highs. All of the asx listed rare earth stocks have put on solid gains in the last week or so while the leader of the pack LYC is going on a tear.
It's just a case of this being far too cheap as a rare earths play. Judging by the lack of posts it had been forgotten as a rare earths play or hadn't even registered with punters.
This has now changed as it is on everyone's radar due to the Laverton project being close to LYC and management stating that they will be drilling the project next month.
Throw in a couple of highly prospective gold projects which are being drilled as we speak. Add some solid on Market director buying and an EV of about 5 million dollars and you have the perfect recipe for a substantial rerate and catch up to sector peers.
This is only just getting started.
MTM Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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