Using data from Exhibit 4, ~-_.rou can calculate the current leverage ratios which are far in excess of target [ED-30%, p5] at least after the recent stock price decline, and far in excess of the most comparable peer firm [Lynas Corp]: 46% vs 19.5%. How do we get these numbers? See spreadsheet, MCP Leverage Ratios As at 30 June 2012, Lynas was at the lower end of its target range and Molycorp was at the upper end of the target range