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Lynas Rare Earths Limited ( ASX:LYC ) shareholders might be concerned after seeing the share price drop 13% in the last...
The stock of Lynas Rare Earths (OTCPK:LYSCF, 30-year Financials) gives every indication of being significantly overvalued, according to GuruFocus Value calculation.
Lynas later raised $450 million in a share sale. [5] In November 2010, it signed an agreement with the Japanese rare-earths trading company Sojitz to export €450 million Euros worth of rare-earth minerals from its mine in Mount Weld. [6]
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The Mount Weld deposit is owned by ASX-listed Lynas Corporation, [6] which raised A$450 million equity from J. P. Morgan in 2009 [7] to fund the development of a mine and also a processing plant in Kuantan, Malaysia. Once operational, the Mount Weld mine is expected to be the largest source of rare-earth elements outside of China. [citation needed]
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The world's largest producer of rare earths outside China said revenue rose to A$163.8 million ($106.34 million) in the three months to Sept. 30, compared with A$121.6 million a year ago and a ...