Plenty of interest and speculation around, Molycop is on the...

Plenty of interest and speculation around, Molycop is on the books for $2 billion which I believe it is worth. The tariffs announced by the Government last week on the Chinese imports makes it a little more attractive. At $2 billion and a profit of around $220m per year and supposedly heading North it is over 10% return on your capital, official interest rates dropped yesterday and rest of the world close to zero it's amazing no group have grabbed Molycop apart from the vultures putting low ball offers in.

The miners would be monitoring closely, they may well be paying a little more for their grinding media down the track.