The Americans say Molycorp has the largest deposits..how unusual for America to claim they have the "Biggest" normally such a modest country.:))
Lynas however claims to have the "Richest".
Whats noteworthy is that 99% that you read about Lynas only refers to Mt Weld..where as the mother load is at "Duncan".
I queried this with Lynas some time back..and was advised that as Mt Weld is the first cab off the rank..the basket price..grades ..etc refers to it only...very conservative.
If you compare the grades of Duncan to Botou then the richest claim is well and truely justified.
Its a great position to be in when "Plan A" is Mt Weld.."Plan B " is DUNCAN.
'Id love to have a beer with Duncan cause Duncans me mate"..:)))
bloomberg tv, page-4
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