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Molycorp, Inc Common Stock Message Board

  • DDU2034 DDU2034 Mar 29, 2011 2:35 PM Flag

    Close at previous high of $62.78

    MCP will close at previous high of $62.78 today before it breaks out to the target price set by JPM.

    Molycorp Production Rates May Rise by 33% in 2011. Here is the quote from page 46 of the S-1: "Prior to the expected completion of our initial modernization and expansion efforts, we expect to produce approximately 3,000 mt per year in the aggregate of cerium products, lanthanum concentrate, didymium oxide and heavy rare earth concentrates from stockpiled feedstock. In addition, we expect to produce an additional 1,000 mt of lanthanum concentrate in 2011 through a tolling arrangement with a third-party producer."

 
MCP
0.360.00(0.00%)Aug 6 3:56 PMEDT