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Molycorp's (MCP +13.6%) acquisition of Neo Material is also providing a big lift to shares of...

Molycorp's (MCP +13.6%) acquisition of Neo Material is also providing a big lift to shares of fellow rare earth miners Rare Element Resources (REE +15.7%) and Tasman Metals (TAS +18.7%), as investors bet the deal will spur further consolidation. Avalon Rare Metals (AVL +5.1%) is up more modestly.
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Comments (2)
  • asles
    , contributor
    Comments (114) | Send Message
     
    The term fellow earth miners is a little off target. More accurately, these companies are rare earth explorers or developers. None of the companies other than MCP mine. The notion that REE, TAS or AVL will mine or produce metals in the next couple of years has extremely long odds. I think that the next source of Heavy Rare Earth Elements(HRE) may not come from the junior miners, but rather from MCP itself. Let us not forget MCP is exploring the Mountain Pass site for suitable deposits.

     

    I am Long MCP from its IPO, MCP PR A, ARU, UCU and long dated MCP Calls. I am short REE
    9 Mar 2012, 02:24 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2193) | Send Message
     
    I think you are essentially correct in your assessment.
    http://bit.ly/ynCLQR
    9 Mar 2012, 02:49 PM Reply Like
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