Chinese prices for NdPr still rising: That is now $131.000 !
Consider that the Financials in the PFS (just two years ago Nov 2019), were based on Roskills forecast of US$70,000/t and that NdPr prices would not reach todays level until 2029 (and then only in their High case) ! The PFS was projecting an average EBITDA of US$140M.p.a for an EPS of around US$0.60c per share.
Now remember that this extra US$60,000/t gives PRE an additional pure profit of US$270M.p.a (before tax and ownership),
So this price difference should add around another US$1 to the EPS, !!
Has anybody looked at the LYC and MP Price : Earnings ratios lately ?
And the ETF is following:
PM8 Price at posting:
$1.66 Sentiment: Buy Disclosure: Held
