MCP had over $200 million revenues in Q3. That is a number that will go up. The cost side will go down. The day after the earnings report they filed the SEC 10-Q with the final sentence mentioning: "... the SEC notified us that a formal order of investigation had been issued ..." We saw the value of the company nearly cut in half over the next week. The market is wildly bearish on MCP. But the business prospects are quite good. In the long term MCP will be a very profitable rare earth miner and processor. Revenues in rare earth sales are likely to be quite good.
People buy because they think owning the company is a profitable plan. Unfortunately MCP is a wildly speculated upon stock. They ran too high too fast and have now run FAR too low. They have certainly had a lot of problems but the concerns are over-hyped.