The processing plant isn't commissioned. At depends on how well the asians are at building stuff, and unfortunately nothing seems to be finished on schedule now-a-days, which may test short-termers patience, as they yhink if they didn't have all this money tied up they could be making 10-bagers elsewhere.
And look at how much acid they need to process their ore.
I don't think transport costs will be a huge factor, as They are shipping a concentrate for re-fining.
Despite this LYC at these levels looks pretty attractive.
I am a big believer in the positive looking future for REE's.
choice
this looks a winner but what are the key risks, page-2
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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 |