Molycorp Minerals Rare Earths Company By Dave Kinney Brian Guo

Company Overview Rare earth elements (REE) mining company Sector: Basic materials Industry: Industrial metals and minerals Re-founded in 2008 in Greenwood Village, Colorado

What are Rare Earth Elements? 17 chemical elements on the periodic table Uses: Electronics, glass, ceramics, metal alloys, magnets, catalysts, and others MCP: Clean Energy, defense, high-tech app, and water treatment

Many Uses of Rare Earths

Clean Energy Wind turbines Florescent lighting Hybrid Vehicles Pollution control

High-tech Defense Cell phone MP3 players Ear buds & headphones Hard drives Camera lenses Glass (scanners & copiers) MRI/X-ray/PET machines Sonar Radar Precision guided ammunition Mine detection Optical equipment

Industry Overview China supplies > 90% of REEs December 2010 China announced a 11% reduction in export quota CEO Mark Smith  Congress “Senior Chinese officials relayed to me last week, both privately and through public statements, that China has no intention of remaining the world’s major supplier of rare earths and that it will continue to shift its focus to domestic demand”

Supply & Demand

Project Phoenix

Supply Risk

Financial Snapshot OPM FY2010: -140.77% OPM (ttm): 14.66% OPM (Last Quarter) : 42.10% Quick Ratio (LQ) : 6.73 Debt / Equity (LQ) : 24.22%