My view is the stock is still cheap if you do the numbers. The price of REO at present (approx) would show LYC, if in production, earnings of $200m which makes a market cap. of $2B. A 30% discount to NPV makes the stock today worth around $1.4B which equates today (after the recent finance announcement) to around $2.30 mark.
'IF' REO gets to $20per kg its around $3.40 - which I'm hoping will happen within the next 12 months.
Of course I'm not allowing for any ann on the rare metals project which could be just a big.
I'm an accountant and no adviser but DYOR!
where are buyers coming from, page-2
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Last
$6.92 |
Change
-0.140(1.98%) |
Mkt cap ! $6.468B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $6.97 | $6.84 | $15.53M | 2.248M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13835 | $6.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.93 | 2500 | 2 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |