guys, ive been researching this stock lately as one of a few potential buys and it is ticking a number of boxes for me that a lot of other resource juniors don't:
- plenty of cash on hand
- plenty of ore already stockpiled
- potential to expand resource base with further drilling
- transport organized (i believe)
- processing plant commissioned
- most of the production already sold into informal agreements
- a commodity that isnt overhyped at the moment but has a solid growth profile
it looks like a sure winner, but before i get carried away what are the key risks do you think? I am not asking for downramping, but just honest discussion about some areas of risk or where things could come unstuck for LYC
My thoughts on risks are:
- rare earth market appears to be extremely concentrated, if there is a significant commercial discovery made elsewhere it could greatly affect the supply/demand dynamics of the market
- getting ore to Malaysia, potential for Port or Rail congestion?
- price increases for reagents used in processing the ore (which appear to be the major cost of production) could greatly change the economics of the project
- price of energy, the whole thing looks to be fairly energy intensive
anything i missed or discussion on the above comments?
guys, ive been researching this stock lately as one of a few...
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Last
$6.05 |
Change
-0.010(0.17%) |
Mkt cap ! $5.655B | |||
| Open | High | Low | Value | Volume |
| $6.05 | $6.08 | $6.03 | $35.68M | 5.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34152 | $6.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.06 | 9172 | 2 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |