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Gold/Mining/Energy : MP Systems Corp. (formerly Molycorp)
MCP 30,550-6.9%Nov 5 3:00 PM EDT

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To: sense who wrote (94)7/23/2015 6:02:06 PM
From: sense  Read Replies (1) of 111
 
MCP Digging the Hole Deeper, Faster

For investors holding shares, there's unlikely to be any reward.

For the debt holders... only the senior priority lenders are likely to extract real value... and that assuming they divorce the processing businesses from the mining business.

Otherwise, the market isn't likely going to be able or want to support two very large scale miners processing REE... and Lynas has very obviously taken the lead, now:

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Lynas’ revenues jump 74% as rare earths production rises
indmin.com

By JAMES SEAN DICKSON
Published: Friday, 17 July 2015

Debottlenecking appears to be working at Lynas’ Mount Weld rare earths mine in Australia and at its LAMP production facility in Malaysia. Substantial barriers to future profitability, including historically low prices and large debts, remain, however.

ASX-listed rare earths miner and processor Lynas Corp. Ltd has recorded record high quarterly gross sales revenues of Australian dollar (A$) 51.9m ($38.4m*) between April and June, up 74% quarter-on-quarter (q-o-q).

Lynas’ firm sales revenues translated into a second quarter of positive free cash flow, stated at A$6.4m
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