Lynas producing 11,000 is worth only 71 cents based on an impressive spreadsheet posted by someone on here. Thats for $35 basket price.
This is why the SP is 60 cents. The price of the metal is the most important element in trading and investing.. Its the fundamental driver of the SP.
According to this detailed spreadsheet, In MAY when we are at 11,000, we are valued at 71 cents hence the holding pattern at these 60 cents levels until then...
stage 2, page-17
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Last
$7.71 |
Change
-0.090(1.15%) |
Mkt cap ! $7.206B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.80 | $7.59 | $17.72M | 2.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16763 | $7.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.73 | 13637 | 5 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |