Strong, page-224

What does any thing you say have to do with the SP. It has a PE of over 250 a market cap of just under AUD 6 B. Can you supply any reason why those are reasonable numbers. Because it was worth over AUD 20, 10 years ago what does that have to do with to days value? Absolutly noting. Look at its profits over last 5 years and explain what you think it is worth. Tell me what you think profits will be in 2025 and why then explain how it is properly priced to day.

A year ago this stock was about 2.25 since then they have diluted stock in a cash raise. went from making money to losing 19 M in 2020. Had a messed up Q 3 that was explained by AL but she also said in Q3 CC she expected the Q3 problems to continue which they have, they are still at 75% capacity. Now could you give a few things that have happened in that year that justify the run up in SP. There is one the Run up in REEO prices but they have droped 20~30 % since last March which takes a little of the shine off of that.

You want to think the SP is justified that is fine with me but if you want to give reasons please try and use valid reason. Invalid reasons include
They will be making lots of money in 2025 with no data to support what that is.
MP SP is this so they have to be worth more. This is only justified if you say why MP is fairly priced to day. I agree Lynas is worth a lot more than MP. But MP is overpriced by allot.