the board is a disgrace - open letter, page-45

Read em and weep .....

....... But back to Lynas.

The company is vying with Molycorp in California to get into production. That was meant to happen this year, but then there were the protests against its Malaysian treatment plant.

Both companies will be dominantly producing the less valuable light rare earths.

Lifton argues that both companies could be in full production by 2014 (as opposed to initial output sooner). This will ensure the continuing over-supply of the light rare earths (lanthanum and cerium particularly). In addition, China is operating at less than one-half of its existing mining capacity; if they were to ramp up output of the lights, they and Lynas/Molycorp would see prices kept well down.

http://www.raremetalblog.com/2011/11/bleak-rare-earths-outlook-for-mines-shareholders-says-lifton.html

++++++++++++++++++++++++++++++++++++++++++++

so once again I ask:-

how do you get credits for something which will be in oversupply world wide?

... this I gotta hear