I don't know why are you so impressed.
Lynas is quoting well below 2011 market cap but the main difierence is that 7 years ago REE prices skyrocket with no LAMP.
Today, prices are reasonable and LAMP is a complete reality.
What impresses me much more is a few days ago there was a scandal regarding a motor conpany were in the source Children were working in cobalt mines.
I wonder which were Apple suppliers. Polluting China REE companies?
For me both are terrible.
Lynas has a competitive advantage very few can see nowadays.
To say the truth, 2.90 AUD does not say much.
Takeover?, page-5
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$6.29 |
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