wjtennis, I have no idea what your angle is but I strongly suggest you verify your facts before attempting to create such a false impression.
We already KNOW what Molymess's realised price was for Q4 as they had to release an 8K prior their CR.
"Since Molycorp is able to process a higher grade of REO product than Lynas, they can garner a higher sales price."
How on earth did you manage to concoct that BS! It's insulting that you even thought you could get away with that crap. A quick reference to TMR will show anyone that Lynas grades & suite are vastly superior to Molymess:
http://www.techmetalsresearch.com/metrics-indices/tmr-advanced-rare-earth-projects-index/
Molymess basket $25kg v CLD $38 & Duncan $51kg ($70 - Ce)
Molymess grade TREO 6.57% v CLD 9.73% & Duncan 4.84%
Molymess CREO 12.31% v CLD 19.76% & Duncan 44% (x proj prod)
"if Molycorp sold at 25kg/kg then Lynas would sell at $18.75/kg."
Total rubbish, Lynas basket is vastly superior both in price and demand. Molymess's realised price Q4 from their 8K statement was $19kg v Lynas's $37kg basket and JPM's estimate of realised price at $28kg.
"MCP may sell 22,000 kt this year"
Do you still believe in the Tooth Fairy? Mt Pass Ph 1 is only capable of 19ktpa and it remains to be seen if they can achieve anything like their mid year objective of full production. They've been operating circa 10ktpa but the 8K for Q4 actually suggest volumes have dropped in addition to the significant price fall. Aside from the production issues Molymess at 22ktpa represents 18kt Ce/La and they'd be lucky to sell that over two years and they'd probably lose $250m in the process.
"If the Lynas COGS are greater than that"
By comparison are you aware that Molymess is still TRUCKING acids way out into the CA desert from God only knows where? Molymess have got a half finished plant because they blew SH capital on buying a grab bag of assets at the top of the price bubble and your suggesting they'll have a lower CoP than Lynas????
"and sell their REO products at a profit"
Molymess have been reporting ever growing losses each Q last year and there is very little doubt that a 25% fall in realised prices is only going to add to those losses.
Total rubbish post.
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