Certainly no fan of MP but you appear unaware that they sit on $1.7Bn of existing plant, mind you it has never produced on spec but that's one hell of a head start.
Regardless the REAL issue is who exactly are all these dreamboats going to sell too?
By far the greatest demand ~90% is inside China, ROW mag makers are only drawing 75% current ROW production or 50% of planned production ATM with no news of any additional capacity coming on stream any time soon.
Please don't crank out the "Mine to Magnet" nonsense, simply naïve.
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