LYC 2.89% $5.69 lynas rare earths limited

Cutting thru the dross......

  1. 19,560 Posts.
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    The most important thing punters should be focusing on here, borrowing directly from AL, is the things Lynas can control.

    Sure they can have some influence on externals, and macros looking positive, but as always survival of the strongest, fittest.

    While I rate mkt engagement as the key asset going forward the heart of the beast is the LAMP, 5.5yrs in operational development, and real progress past 3yrs, yet far from optimised. Always amused me, the armchair experts extrapolating static data points over the years.

    Two points of profit you can control within the business, quality & cost, and LAMP/Concentrator have made great progress both, but we still don't know full capabilities.

    Well for the rather paltry spend of $22.5M over budgeted CapEx we will find out in 12/18 months or so, the relative strength of Lynas in the emerging RE/NdPr industry, indicative of future company value.

    Quoting AL's AGM address:

    "we think of this as a final optimisation stage ensuring we reap the full value of the initial investments at Mt Weld and Kuantan"

    Rather than trolling thru the egotistical dross swamping the forum ATM I'd recommend slides 12-14 for a reflection of the potential upside quality, costs & volume over the next year or so, remembering we've just had +17% production at virtually static costs. What will a further $22.5M investment return enhancements across LAMP/Mt Weld?

    https://hotcopper.com.au/threads/ann-ceos-address-to-shareholders.3868760/#.Wp-bvmpuZhE

    Whatever external mkts do Lynas will be a very much stronger business 2019, investment mkts will eventually catch on.
 
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