yeah, a p/e of 10 roughly takes that into account.
and on second thoughts, when i said "below cost", that will be referring to the cost that china produces rare earths relative to that of western producers.
looks like this continuing price collapsing is perfectly timed with the start up of molycorp and lynas.
my 2 cents worth?, page-7
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$7.74 |
Change
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Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.78 | $7.63 | $5.717M | 741.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 51 | 8710 | $7.73 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.74 | 5350 | 31 |
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| LYC (ASX) Chart |