US stocks rare earths “three fools” - $MP.US , $USAR , $CRML.US :
Margin of safety: MP ＞ USAR ＞ CRML
MP has Department of Defense guaranteed contracts and mass-production cash flow; USAR has government equity investment, debt financing, and the Serra Verde acquisition; CRML’s Tanbreez is still in its early stage—revenues are meager and losses are large.
Price volatility: CRML ＞ USAR ＞ MP
CRML is driven almost entirely by Greenland-related news, and double-digit daily swings are common; USAR comes next; MP has fundamentals as an anchor, making it relatively the most stable.
Market value: MP ＞ USAR ＞＞ CRML
MP is about several billion dollars, USAR is in the tens of billions, and CRML is only about one billion.
Overall, the US rare-earth theme is currently all about share issuance, acquisitions, and mergers—relying on policy support and government funding to plug the capital chain. In essence, it is still the party that is “stuck by the throat.”
#能源金属 #稀土
Margin of safety: MP ＞ USAR ＞ CRML
MP has Department of Defense guaranteed contracts and mass-production cash flow; USAR has government equity investment, debt financing, and the Serra Verde acquisition; CRML’s Tanbreez is still in its early stage—revenues are meager and losses are large.
Price volatility: CRML ＞ USAR ＞ MP
CRML is driven almost entirely by Greenland-related news, and double-digit daily swings are common; USAR comes next; MP has fundamentals as an anchor, making it relatively the most stable.
Market value: MP ＞ USAR ＞＞ CRML
MP is about several billion dollars, USAR is in the tens of billions, and CRML is only about one billion.
Overall, the US rare-earth theme is currently all about share issuance, acquisitions, and mergers—relying on policy support and government funding to plug the capital chain. In essence, it is still the party that is “stuck by the throat.”
#能源金属 #稀土
