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Buddhasib

11/10/10 12:53 AM

#6261 RE: Buddhasib #6260

"only ree processing plants are in China...

LYSCF has been building one for 2 years in Malaysia, will finish Q3 '11
Molycorp has plans to resuscitate their REE processing plant in Western US...

otherwise, when you hear talk of REE, ask: when & where will it be processed?
LYSCF has developed mine + processing plant in parallel.
Processing plant = Huge expense - moycorp talk of $500m, LYSCF I think was closer to $250m
it's difficult to separate out each of the 11 or 17 or whatever # of metals."

How can SNEY capitalize on any REE's that may exist in this context? and if they really can't, better to just focus on the gold that is there, because otherwise it is just "black sand."