Omgwen 3rds, It is not at all unrealistic for SP to go up 2 dollar (it will beccome Eldorado for the people buying now for under 70 cent).Let me do a simple calculation:
Let say 20000 tonne production with a average basket price of 35 dollar and let say 20 dollar per/k cost . LYC is going to make 300 mil. dollar profit a year.which meanes 15 cent per share. With 15 cent div. the price of SP should be min. 1.5 !
As per my basic calculation LYC is going to become an Eldorado for lots of people.
I have a great ESPERANZA .
Hata luego Amigo
why lyc is so heavily discussed, page-11
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18985 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.25 | 53073 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |