it is always tricky to compare. lynas also did that during the post GFC period.
lynas started its plans for a plant in 2009 and had a plant up and running around 2011. so it still has a bil market cap when a plant was started. it did however already have a mining operation going (first mining campaign was 2008). I would also argue demand for REE is bigger now than at that time so prices were lower back during that time which would have also impacted its value.
indeed apples and oranges but food for thought and useful to compare to Lynas journey
it is always tricky to compare. lynas also did that during the...
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Mkt cap ! $132.5M | |||
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