short term trading - dec #3, page-75

I did just calculate the impact of these taxes.
It leads from 70,75 US$/kg to 84,84 US$/kg - not bad and not exorbitant ;-)

(85-8) * 5.500 * 1000 = 424 mio US$ after costs for 2011...
This means for mid 2011 4.240 Mio US$ market cap will be fair.
This means from now with 3.600 Mio US$ market cap, that 17% more in share price will be fair from now to mid 2011!

This means for mid 2011 around 2,50 AUD will be fair! So for now 2,06 AUD are enought for some month at actually REO prices. Dont expect very much higher prices till REO prices rise signifikant further... If Lynas from now will rise further very much, out of signifikant REO price rises - this is not very fundamentally driven!

BUT when Lynas produces 11.000 in 2012 and 22.000 in 2013 and the REO prices rise much about 100 US$/kg expect shareprices of much more than 8-10 AUD!