molycorp announces output and revenue miss, page-10

Another point is Moly "evaluating its capital needs for 2013."
despite postponing Phase 2 as expected. Indicates further cost overruns after raising an addition $400M Q3 last year.

With Moly's statement "the decision to complete Phase 2 construction and start-up will not be made until market demand, product pricing, capital availability, and financial returns justify additional increases in production beyond Phase 1." I'd suggest it has just become far more difficult to raise capital in the RE space.

Makes Lynas's decision to raise, what looks like excessive capital, a pretty smart move late last year.