jn wrote: Perhaps you realise this but perhaps not. Comparing share prices between stocks offers no useful information due to the different number of shares on issue. If you're going to compare two stocks, compare the market capitalisation which is the number of sharex x share price. Avalon at $700m, Lynas at $3,200m.
This is a good market capitalization comparison. But because the US listed stocks have run so much I like to look at Price to Book Value. AVL Book 10 to 1 Lynas Book 5 to 1 Book values are wrong for every mine because they do not take into account the full run in rare earth prices. Still, they are less manipulated by the run up in US listed REE stocks. This run up could help AVL finance their future projects with secondaries, but the $700 million is not really Avalon's either. It is what traders will currently pay for Avalon. But with no earnings or cash flow I prefer the inaccuracies in book rather than market cap when comparing US listed REE stocks to non-US listed REE stocks. Just MO.
LYC Price at posting:
$1.93 Sentiment: ST Buy Disclosure: Held
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