Look I wish you are correct and that is what someone is willing...

Look I wish you are correct and that is what someone is willing to pay for Lynas. But at $3 per share in effect what you are saying is that it is worth $10 billion. When you look at it this way (and noting market cap is now $420 million) hopefully you can see my issue. Market Cap is a reflection of what the company is worth - so despite the resource, what the market is saying is that LYC won't be able to extract the required profit from the resource ( on a discounted cash flow basis). When the SP rises to 30 cents means market value of closer to $1 billion. Let's do the baby steps first, cut costs to increase profit, hope for a increase in REE and market cap should rise further - maybe 50c per share (roughly $1.7 billion). Even at that value this would put LYC in the top 100 companies. All IMO IMO