Comments re. "horizontal" vrs. "vertical" integration are not well thought out. The REAL money in ree isn't in digging the stuff up and refining it, it is in the ree alloys, especially those of the HREE. In fact, even when Great Western's Steen Mine is in full production, fully 75% of the company's revenue will be generated by the two existing alloy manufacturing plants--now being expanded to accommodate increase feed stock from SA. Why do you think Molycorp is at least pretending to be vertically integrated with the acquisition of their SW manufacturer. No, would be smart for LYC to pursue a similar approach.
actual see prices..., page-13
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