People forget that Moly was embroiled in a toxic overflow issue waaaaayyy back.DYOR. The locals havent even got organized.... watch that space and the zealot environmentalists in the US are awesome...yeouch!!! Add another year onto Moly getting to full production. Many of the other REE companies have greater issues with Thorium,uranium etc. They, if anybody, would wince at what Lynas is going thru. Each local group/Govt agency now have a perfect proforma on which to base their own actions.
IMHO the entire REE production phase has just been put back at least 1 yr...across the board. For some, this will be even greater as funding for more potentially toxic plants is withdrawn by investors who can now see potential difficulties more clearly.
they will now be looking at emerging companies closer to correcting any mistakes..viv a vis Lynas.
Would you sink $$$ into a young explorer of REE now????
Seriously how long would you need to invest unless you expected a takeover IF the company found something. Big gamble.
You'd make sure the ore wasnt worse than Lynas' for a start. How many can boast that??
Money will be stripped from these little hopefuls and piled into companies with a chance of returns in the ST -MT
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