RE:RE:RE:RE:RE:Out of here
My compliments to you for your reasoned response and thoughtful content. I think you misunderstood my intent when I said I would give them a pass on NB pricing. We are both in agreement that since it is stable it likely could be a financible component if the project is robust. My issues include never on time and never on budget proclamations. In fact the amount spent to date is at least 500% higher and counting than what MS told me in a meeting Jan 2014 (of which I have notes). Since he was top dog at Mountain Pass/ Molycorp I thought he would be sophisticated enough to give semi accurate data in this specialized area. I still think that and it is my belief that he knew, or had a good idea of the truth at the time. The target for the FS was spring/summer 2015. They also include using prices for Sc that are so out of step with the competition to generate cash flow models that IMO are just fluff. Yet they pound the table with those Amended PEA2 numbers as fact. I could go on and on about claims of time and budget. If you think the project is financible at $2000/kg then yay. I'm not so sure but I am pretty sure the FS will have pricing sensitivities included to show metrics at various prices. At the end of the day the project has to find about a billion dollars from sophisticated lenders. They will look hard - and they will even charge NB fees to do the due diligence. Having numbers that are out of step will not enhance the company's credibility there IMHO