"IMO Molycorp will finish their project in minimum 4-5 years if they will get enough additional funding."
MCP is fully funded and has already agreed to pay additional rush fees of $100mm+ to gain just three months earlier production. Nobody does that who's planning production in 4-5 years.
Secondly first mover advantage is just not in relation to MCP. It means selling product without prices being hammered by competition from MCP or new production from the Chinese which eventually will happen. So its critical imo.
Until the prices of REO stop declining and start increasing every month is precious.
"IMO Molycorp will finish their project in minimum 4-5 years if...
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Last
$7.88 |
Change
-0.210(2.60%) |
Mkt cap ! $7.365B | |||
| Open | High | Low | Value | Volume |
| $8.03 | $8.03 | $7.84 | $18.89M | 2.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2122 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 19791 | 5 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |