"Since Molycorp is able to process a higher grade of REO product than Lynas, they can garner a higher sales price."
Hi wjtennis. Your statement (quoted above) is unclear. Are you suggesting that, compared to LYC, MCP has the advantage of processing a higher grade of REO raw material or that MCP's RE product is of a higher grade?
My thoughts are that, LYC's CLD resource being at 9.8% REO compared the MCP's at 8.24% and LAMP being technically superior to MCP's production facilities, it would be quite the opposite in both cases.
Seems that even Jack Lifton who was formerly pro-MCP is a LYC convert, especially after visiting LAMP and talking to its management team.
"Since Molycorp is able to process a higher grade of REO product...
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
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| LYC (ASX) Chart |