On Dec. 28, in "Corrected: Rare Element Resources Ltd, Molycorp both Up Over 10% on China Move (REE; MCP)" I said:
...My short side radar is starting to glow. The perfect play for the Chinese would be to maintain a very tight supply to Japan and the West until MCP, Lynas and REE go into production and then crash the market.
There is currently no way to figure discounted cash flow values for these mines so folks are taking proven, probable and even possible reserve numbers, multiplying by their favorite integer and then forgetting to discount back. That spells opportunity to those panthers sharp enough to wait patiently in the tree until the moment comes to pounce....Here's one serious attempt at valuation by McCulloch Capital via Business Insider: