trading 20% below cash value - ev minus $8m, page-7

FYI.


The lost exports from Baotou could lead to acute supply constraints and potentially prompt a surge in rare earths prices, mirroring a similar spike when China banned exports to Japan late last year over a diplomatic row.

This would benefit rare earths miners racing to be among the first non-Chinese producers, including the Australian miners Lynas, Arafura Resources and Alkane Resources, and other international majors including California's Molycorp.

''If the [rare earths] price reacts, it will be pretty positive for those companies,'' one analyst said.



Read more: http://www.smh.com.au/business/chinas-rare-earths-ban-a-fillip-for-rival-miners-20111218-1p0ug.html#ixzz1guxwZAn9