Quarterly Report and Briefing, page-27

I think todays S P. give back is more of a reaction to the ratings downgrade for USA debt.

I think it would be unwise to underestimate the importance of the USA going from AAA to AA+.

Interest rate will rise tomorrow, and the USA stock futures are deteriorating as we speak.

On a separate issue, MP Materials is getting taken to the wood shed these past days. Perhaps some of the key banking houses are realizing that MP Materials/Moutain Pass simpmy cant make money with less than exorbitant RE prices. That was the nail in the coffin for Molycorp after the last RE collapse.

I think our S.P. will wont be so ugly later in todays session.

Just a few personal thoughts.