Not sure why this is good news. JMO After studying cost in several SARs and ARs plus past performance even at 10KT of NdPr production a year Lynas needs a Price of nearly 800 RMB for a AU $ 7.00 SP at a PE of 20. Fact So far in Q price has changed 442- 356 = -86 RMB/ KG in March the NdPr price - 6 RMB KG. Last week it went up + 8 RMB. If it goes up 8 RMB every week it will only take a year to reach 750 RMB. JMO that seldom happens.
What I find verry amusing is when prices were going up in 2021 and 2022 there were posts every week from many different people on how price changes went right to the bottom line. Now that prices are going down no one seems to believe the reverse is true. I think it is. Can anybody tell me why it would not be true? REE prices have dropped from 1095, 25 Febuary 2022, to 356 to day, a drop of 67% the stock price has dropped from 1150 to 580, during about the same time, a drop of 50%. I will admit that these do not track 1 for 1. Besides difference there is also a Lag. Again JMO but as REE prices go up there will be a lag before sock prices follow. I do not have a chart for this but maybe I will make one and post it on the SP discussion.
LYC Price at posting:
$5.80 Sentiment: Sell Disclosure: Not Held
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