Replies to post #64862 on Sunergy, Inc. (fka SNEY)

[mikeymgd]

I am not sure how you got the impression I was comparing the two but I did not mean to. I spoke of Molycorp based on REE production and not based on a comparison. It was to show the potential saturation that concerns me.

I completely agree SNEY and Molycorp have nothing to do with each other outside of mining or dredging similar elements.

I also fully agree with diamonds in the rough. I posted the article to get a sense on just how many companies there are globally that are attempting to get into the REE market. This author appears to believe that SNEY is one of 250-260 public companies attempting to capitalize in the REE market. Of that he expects 90-95 percent of them to fail. We all hope SNEY turns out to be the 1 in 10 or 1 in 20. It also stated that many REE is already over supplied.