MITTA has been shorting this stock for the last 12 months
makes sense, which is why they were downramping at the bottom
nice to see Mitta got burned, for once
but the downtrend this year was not based in charts but based in FUNDAMENTALS, i.e., falling REE prices
at $14/kg opex & $41/kg basket, phase 1 currently has $1 value at PE x 10
at $14/kg opex & $41/kg basket, phase 2 currently has $2.24 value at PE x 10
as phaase 2 is targeted for second half of calendar 2013, share price would normally be at least $1 now, if not for the uncertainty
factoring in the fundamentals, 50 cents is too cheap
factoring in the uncertainty, $1 is too expensive
so 75 cents is in the middle
if phase 1 succeeds, with no technical or political issues & REE fundamentals remain unchanged, share price should be around $1.12 by Easter
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