31–35 of 35 posts
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MP is well positioned in the REE processing space -- now if the share price would stop collapsing then companies in the critical minerals sector would be able to raise capital more easily (MP is the bellwether for the sector)
Thanks. Now MP is on my radar.
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By Oxford English Dictionary literal definition, not all lubricants are fluids. Etiquette is a mere lubricant of the order of society. OED entry "lubricant" (B.noun) Fine music‥has a sensible effect in‥animating and as it were, lubricating my inventive faculty. OED entry "lubricate" (2.a verb) Lube also used for cash - greasing palms, etc.
Using the a non-lube to lubricate is still metaphorical. But, I just ignore the word literally and english still works just fine
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60 Minutes had some coverage of the beneficiation plant.[1] For rare earths, that's mostly grinding and sorting by density and magnetic properties. It's a large plant near the mine. Bags of rare earth ore worth about $120,000 per pallet come out, and those are transported to the Texas location for the next step, which has a lot more heat and chemistry. [1] https://www.linkedin.com/posts/60-minutes_rareearths-activit.…
MP is well positioned in the REE processing space -- now if the share price would stop collapsing then companies in the critical minerals sector would be able to raise capital more easily (MP is the bellwether for the sector)
MP Minerals is now getting subsidies from both the U.S. Government and General Motors, both of which want a reliable source of magnets outside China. There are other sites in the US and Australia which could be developed if it was profitable. (Operating in Greenland, per Trump, is silly. The costs of operating anything big there are very high. No roads, no infrastructure, only a few months a year of ice-free construction time...)
[1] https://www.mining.com/wp-content/uploads/2021/01/image-9-76...
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Thanks. Now MP is on my radar.
Certainly at $41, a 52 week low, it's a fire sale (hit $100 back in October.
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Certainly at $41, a 52 week low, it's a fire sale (hit $100 back in October.
They're totally at the mercy of world rare earth prices, which are manipulated by China. But they now have some cushion from government and GM funcing.
So,the big players have taken a wrecking ball to minerals by shorting the sector to oblivion, but will have no problem riding the wave back up once the bottom is in...
