Totally agree this may be a real upward movement. I doubt we...

Totally agree this may be a real upward movement. I doubt we will see the 350 RMB level for some time. We may even see 550 in a few months.

The critical question is how high it will go. JMO but for Lynas to have a PE of 30 the price needs to be 750 - 850 RMB WV. The important thing is when will it be high NdPr price and volume be high enough to achieve a PE of 30. Direction is important as well as the steady increase we are ssing right now. what is important to SP is what Lynas's results are at a given price.
For reference.
Lynas PE today 75
ASX 200 1year average 18
ASX 200 to day 27

https://www.marketindex.com.au/statistics

For a ball park idea what EPS Lynas can generate find a SAR or AR where EPS are about what you want. Then look at this chart to see what NdPrO prices were for that period. there are more accurate ways but this is simple and quick. I always use this as a check on my calculations. I always put in a 90 day BTB delay do what you think is best.