It is really boomer to use an average mining P/E for Lynas. Lynas is basically a green energy stock. For example: the trailing P/E for energy and environmental companies operating in the green and renewable energy market was approximately 90.8 in 2020.
So if you calculate with 90 P/E, Lynas is heavily undervalued. You also need to take Lynas' USP into account being the only real company outside China to have a real REE supply chain. We will see the true value of Lynas, once we are back on the NASDAQ.
Compare the MC, profitability and supply chain of MP materials to Lynas'... just by this comparison Lynas should/could do another +100% after entering US market.
It is really boomer to use an average mining P/E for Lynas....
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