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A $5.4B market cap with just $25M in sales and the hope for producing rare earths in the future,...

  • Tuesday, April 5, 2011, 12:26 PM ET
    A $5.4B market cap with just $25M in sales and the hope for producing rare earths in the future, Molycorp (MCP) is no longer in Bruce Krasting's portfolio. News that Kazakhstan's state-owned uranium miner is teaming up with Russia and Japan to invest $800M to mine the metals isn't making him regret the decision.
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This news story has 2 comments:

  •  
    Yeah, rare earth's are hot right now. Maybe a little too hot for my tastes. It won't be terribly long before more and more rare earth mines come online, increasing the supply, dragging down the price. I worry that some of these high flying rare earth stocks won't be able to sustain their valuations if the price of rare earth's start to come down. But, markets can remain irrational for a long time.
    5 Apr 2011, 12:57 PM Reply Like
  •  
    Bubbles bubbles everywhere. What to do with that pile o dollars before they become TP. Throw them at the latest momo stock! yeah.
    5 Apr 2011, 01:21 PM Reply Like
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