I would not rule out REE..(Rare Element Resources Ltd"
Bear Lodge Property
Paso Rico holds a 100% interest in a group of unpatented mineral claims, the Bear Lodge Property which consists of the Bear Lodge REE Project and the Sundance Gold Project. The property is situated in the Bear Lodge Mountains of Crook County, northeastern Wyoming. These claims were, in part, acquired from Freeport-McMoRan Copper & Gold (“Freeport”) by way of a “Mineral Lease and Option for Deed”. Some of the claims and a portion of a defined area of influence surrounding the claims were previously subject to a production royalty of 2% of Net Smelter Returns ("NSR") payable to Freeport. Paso Rico owns a portion of the claim group outright and those claims were not subject to the NSR. On March 31, 2009, the Company re-purchased the NSR for $50,000.
The total property comprises 489 unpatented mineral claims located on land administered by the U.S. Forest Service and a 640-acre Wyoming state lease for a total of approximately 16 square miles. Upon Newmont's withdrawal from the Venture, it transferred 327 of the claims to the Company in May 2010. There is a sliding scale royalty on certain state lease land due to the State of Wyoming if ore is mined from the state section. All claims are located on federal lands and are subject to annual maintenance fees payable to the United States Bureau of Land Management.
Bear Lodge REE Project:
On April 14, 2009, the Company completed a NI 43-101 Mineral Resource Report on the Bear Lodge REE Project. On May 26, 2010, the Company reported a 50% increase in rare-earth mineral resources at the Bear Lodge REE Projec
fastmoney_2... said: "Trade your stocks and make money. Only a few REE's will be standing at the end."
The problem is that we don't have a clue about when "the end" will be. 6 months, 2 years, 3 years???? In the meantime, what keeps a lid on pricing?
Bubbles start out as bull markets but lose all touch with reality as prices get completely detached from fundamentals.
Trade your stocks and make money. Only a few REE's will be standing at the end
"Prime Minister Atambayev and his colleagues will be praying this will happen"
A wing and a prayer?
"The corruption and incompetence of Kyrgyzstan’s authoritarian governments since independence have dampened down the enthusiasm of international investors to invest there. However, with gold and rare earth prices soaring, and uranium looking robust as far into the future as one can see, the investment climate is more favorable now for precious metals mining and metallurgical development than at any time since the country achieved independence 19 years ago.
Therefore, if South Korea’s new rare earths venture proves successful, that could herald at least a mini-mining boom bringing in the foreign investment that the little country so desperately needs. Prime Minister Atambayev and his colleagues will be praying this will happen."
TOTALLY agree with the TC call. Especially now that the company also is into Au and Cu with recent purchase. I also expect this stock to surge although I currently don't own as my bet in miners are limited to even more potential I see in LYSCF and ALKEF.
I'm w/ you on Lynas & Alkane, although Alkane claims: "The DFS (definitive feasibility study) for the Dubbo project is still scheduled for mid 2011 – assuming we get financing, off-take contracts and development approvals in place construction would commence by end 2011 and then in production in 2013."
They say: "Our Dubbo project has a 25% component in heavy rare earths" in one place, but they only say the project has zirconium-hafnium, niobium-tantalum, yttrium-rare earths, uranium. BTW, yttrium is the only one that gets called an HREE.
HREEs sooner from any other non-China sources???