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Lynas Corporation Limited Message Board

  • richardleeds richardleeds Feb 16, 2010 1:16 PM Flag

    Schwab says 1.66B shares in Lynas

    Have can this company show any type of per share results with almost two billion shares of stock issued and a market cap of almost $1B when the world is currently using $1.6 billion in rare earth each year and the Chinese have 95% percent of sales.

    China and its labor can undercut labor in the west by 10-1 in any industry.

    Most of China is unexplored for minerals. They have so much undiscovered mineral wealth that they will keep discovering more gold, more silver and more mineral wealth. Yes they wanted to buy part of this company but if you had a trillion US dollars you would go shopping everywhere as they are doing.

    China will expand its own mining over the next decade and with labor at $1000 per year per worker will undercut everyone else. When there is competition, China just cuts prices. The Japanese did this in the 1960's-1970's and drove out competition in electronics and automobiles. Now the chinese will do it in mining and manufacturing.

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0.1094+0.0022(+2.05%)Sep 19 3:39 PMEDT

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