As you state, the book value of Lynas is a tad over $2b and the share price values Lynas at nearly 3x times that amount.
But check the value of the mine on the balance sheet; not the machinery there but the hole in the ground and ore. Zero!
Your reasoning suggests it's valueless while I believe it's priceless.
They're a profitable, rapidly expanding business even at this low point in the global NdPr market.
Demand for their product is growing strongly.
Potential ROW competitors' barrier to entry is huge (resource, IP, $$ and customer relationships).
What's not to like??
As you state, the book value of Lynas is a tad over $2b and the...
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Last
$9.30 |
Change
0.120(1.31%) |
Mkt cap ! $8.587B | |||
| Open | High | Low | Value | Volume |
| $9.21 | $9.30 | $9.10 | $3.500M | 380.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 221 | $9.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.30 | 11542 | 11 |
View Market Depth
| Last trade - 10.28am 25/06/2025 (20 minute delay) ? |
| LYC (ASX) Chart |