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Kgem

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Alias Born 03/16/2009

Kgem

Re: None

Sunday, 10/16/2011 5:24:45 PM

Sunday, October 16, 2011 5:24:45 PM

Post# of 34
Elissa Resources(ELI:TSXV), is the closest rare earth explorer to Molycorp's Mountain Pass Mine (the largest and richest deposit of REE's in the world). Molycorp is a $3 billion market-cap company, and is likely on the lookout for potential acquisitions.

Molycorp's Mountain Pass Mine is the ONLY rare earth mine in North America. Molycorp's mine has been on the fast-track to production ever since the world realised China was in control of over 95% of all rare earth production.

Molycorp has become the biggest rare earth play this side of the Pacific and its market-cap currently sits around $3 billion - giving the company plenty of acquisition capital, whether it be via stock or cash.


Kgem



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