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Ghost67

Ghost67
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  • Molycorp (MCP -11.4%) continues moving lower after missing Q3 estimates and lowering its 2011 production forecasts. JPMorgan (Neutral) is lowering its PT in response, arguing rare earth prices could fall some more in 2011 before new Chinese export controls arrive, and supply increases from Molycorp and Australia's Lynas could also hurt prices. REE is down 3.9% in sympathy. (transcript)  [View news story]
    (My background is in engineering. I retired from a position as consulting Chief Scientist with Boeing Satellite Co in 2005)
    Molycorp has few heavy rare earths. Avalon has huge heavy rare earth reserves and is in the process of developing, I think they are on track to master, the heavy refining technology. When they do they will be the West's best Heavy Rare Earth Miner AND Refiner. My, somewhat longer, bet is on them.
    Nov 11 06:21 PM | 1 Like Like |Link to Comment
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