It is very positive to see Molycorp being repriced higher and won't be long before Lynas catches the same bug. We have some catching up to do, Molycorp is up over 20% in the last few days. It won't be long before we see 0.32 cents being taken out. The market will start to price in better news on productivity over the next 6 months, it is non-brainer. I can't wait to see this over 0.40 cents soon. It is about time. And, if PR for Lynas are reading this, an update will be nice and due.
I have read a number of reports lately, which they are all predicting improving REO prices over 2014. Just have a look at the data out of the U.S on the 31st of December, it all points to strength on those economies. This is the year and we have been patient enough.
LYC Price at posting:
30.5¢ Sentiment: None Disclosure: Held
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