LYC 2.89% $5.69 lynas rare earths limited

Another episode of the Jack Lifton-Gareth Hatch debate. For the...

  1. 2,364 Posts.
    Another episode of the Jack Lifton-Gareth Hatch debate.
    For the record here an excerpt from Gareth's comment:

    Molycorp and Lynas were both well underway with their projects, before the major price spikes that started in the middle of 2010 and which peaked in the middle of 2011. Their original business models never relied on those peak prices because they were created long before they occurred. Current prices for rare earths are still significantly higher than they were prior to 2010, and have plateaued considerably since the price spikes. Therefore this tendency to compare current prices to the peak prices of 2011 can be misleading.

    ............ If Molycorp is able to drive those costs down further, as they have so stated, to some level below the current ASP that produces a reasonable margin, then that business segment will be making money for the company.

    Same goes for Lynas - the company has recently indicated production levels that are in proximity to their break-even point. So long as they can produce with an ASP that is equivalent to the cost of production plus a reasonable margin, they will make money. In both cases, scaling production to what are reasonable targets, will get them there."
 
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