if re price drop further?

If RE price drop further?
The prices that dropped in the past few months were Ce & La.
The price decline in other RE were miniscue in % terms.

If Ce & La were to drop further, Molycorp will be insolvent and also many producers in China and where else.
Such producers were CF negative and incurred huge losses already in the last Qtr / HY prices. Further Ce/La price drop will shut production and thus bust many producers.

Many more projects in the pipeline will be shelved and SP of such firms will drop to zee and bust.

LYC being a low cost producer will survive and when supply of the weak are gone LYC will prosper. And SP will shoot to the moon on renew demand growth.

Such is the commodity cycle and mining cycle. The best investments are low cost producers with long life assets.
LYC fall into this category for RE.
The high cost of start up will provide the survivers many years of super profits before new suppliers enter.

LYC will be producing at CF positive even when RE prices drop a further 50% and therefore require no further share issue.
LYC can repay its debts and fund additional projects from operating CF.