OTCPK:LYSCF - Post by User
Post by
MaterialsManon Jan 13, 2024 7:51am
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Post# 35824940
For comparison
For comparisonMP (NYSE), considers itself to be a major competitor to Lynas.
Both have about the the same MC.
Lynas's sales ran about 700 million last year, at close to a 50% margin. P/E is about 7.
MP is projected to have about 50 million in sales this year. Little if any profit. I think their current P/E is negative.
Lynas processes it's own rare earths.
MP has to send theirs to China from what I can tell.
MP trades about 3 million shares a day in the U.S.
LYSCF trades about 50 thousand.
It doesn't make sense to me that both companies have about the same market cap.
Pehaps U.S. investors that want a rare earths play don't even realize that Lynas exists.