How delayed is Phoenix and when will the Lateral Gas Line be permitted and built? Considering Moly paid $1.3 billion for this potential China headache one has to wonder. Even if the intellectual property for HREE separation and advanced materials was a big factor in the buy, it still suggests Phoenix is facing delays and possible design and engineering issues.
It's all speculation but seeing that Moly's piecemeal Phoenix integration is low technology used first (crusher) and progressing to highest technology (Separations) at the final stage. And knowing this was a change in the progression of the pad site construction further begs engineering Q's.
I respect that Moly is trying, but I don't feel they are being transparent.
wsj story with comments from jack lifton, page-5
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