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AlbertinBermuda

AlbertinBermuda
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  • Molycorp: There Will Be Blood [View article]
    play cards etc.

    Lots of non work and lots more going to pay workers to play poker.

    The phoenix proposition from inception has been a wast of money.

    As Jack Lifton has commented, the existing plant should be set up to process ore from other suppliers with higher %'s.

    Jack has been on record for many quarters that Molycorp is not economically viable as a miner.
    Apr 5 10:45 AM | 1 Like Like |Link to Comment
  • Molycorp Is A Good Candidate For LEAPS [View article]
    Is MCP actually mining anything at this point? Or are they still selling their old pile of rocks?

    In light of the focus of attention on REE's I do not believe that the US government would allow MCP to be sold to China.

    MCP has been helped by Goldman S to get up and running and obviously have a good PR firm on retainer. They are buying their way up the food chain but at the end of day when are they going to dig and produce the basic materials needed by their aquisitions?

    I rode both MCP and Lynas up and thankfully bailed close to the high. From what I can see neither will do much this year in the way of REE metal production from their mines.
    Mar 21 10:30 AM | 1 Like Like |Link to Comment
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