Have been digging round the Moly quarterly and reverse engineering some numbers to compare with Lynas. I was suprised they were ramping up production but still making a loss.
Moly:
Things are muddied a bit by their suite of product but:
$205 m revenue on 4.4 k ton of produce gives a basket price of $47/kg for the quarter.
$166 m COP (excluding a $33m 1-off, I assume that's the ramp-up costs) gives a $37/kg COP which is why their gross profit is so slim.
Lynas:
Estimated COP of $7/kg two years ago (link below): double it if you like to account for inflation & markin of error.
That's the BIG advantage for Lynas: in times of low prices we'll still be enjoying a good margin while they're losing money. And of course our suite of REEs is much better.
http://www.molycorp.com/molycorp-reports-third-quarter-2012-results/
http://www.lynascorp.com/content/upload/files/Lynas_Corps_J_P_Morgan_Presentation_September_New_York__FINAL.pdf
cost of production: lynas vs moly
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