Any of these ree stocks might be a speculative trade, especially given all the hype of late. But when it comes to actually INVESTING I think the 2015 start-up for operation is out-of-the money as the world will be awash with its production at that time, IMO. When the dust settles with all the hype, I believe INVESTORS will realize that the best INVESTMENT is with companies that will be producing by 2013 and in stable and rule-of-law countries--they will "wise up" after adequate DD. I value my money too much to gamble with long shots or risky geographies. In my mind, that leaves LYSCF for LREE and ALKEF for HREE. Case closed.