molycorp conference call, page-23

http://seekingalpha.com/article/1215291-molycorp-is-ceo-constantine-karayannopoulos-in-it-for-the-long-haul

Response to the author:

Shock,

Your missing a VERY important point re:

"Since, the rare earth crisis has led to a gold rush as competitors like Lynas Corporation LYSDY.PK), ........ announced plans to bring new supplies to market."

Lynas have been at this prior 2002, Annual Report that year:

"The Foundations of the Future are a billion years old...
Rare Earths – Foundations for the Future Lynas Corporation owns the richest deposit of Rare Earths in the world at Mt Weld. Located in the Mt Margaret Mineral Field, 35 kilometres south of Laverton in Western Australia it is being developed for global markets."

http://www.lynascorp.com/Annual%20Reports/lynas_annual_report2002.pdf

Mt Weld Rare Earths Feasibility Study March 2005

http://www.lynascorp.com/Presentations/2005/MPJ_Feasibility_annoucement_presentation_0305.pdf

Nick Curtis & Lynas have been at this a long, long time before the finance groups behind Molymess decided to mine the market on the back of a new fad.

Lynas feasibility was done at way lower prices, years before the price spike. Obviously Lynas has had it's share of problems but it has stuck to it's fundamental game plan and, like an iceberg, I'll suggest only about 10% of it is visible to the casual observer.

The biggest danger to Lynas is the demand destruction resulting from price speculation and China's success in drawing in such a large proportion of OEM's in 4 out of the 5 key demand sectors for RE.

It's going to take another 12 months to prove itself but if it survives this period investors may be very surprised to see what unfolds from there. Lynas is definitely NOT a Chinese fishing boat fad.