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Rare Element Resources Ltd. Ord Message Board

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  • skep115 skep115 Jan 4, 2013 12:37 PM Flag

    REE Facts

    has anyone considered the enviormental regs? there is a reason the previous owner of this and Mcp mine walked away. Mining REE'S is horrible for the enviorement, thats why china owns the market ... they dont care.... getting the ree's out of the ground in the usa will never be profitable. the EPA regs are too much to turn a profit..... do a little DD on this partner....

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    • If you have some specific sources for the EPA Regs you're referring to, please let us know where we can find it. If REE has world class deposits of the most profitable ree, hard for me to believe that they can't make money on that. Also, consider that this stock was up in the high teens. What do you suppose drove that price run up--the potential for negative margins to mine this stuff due to EPA regs? Could be, but I'm not seeing it.

      Sentiment: Strong Buy

    • You are wrong on China and US. China strengthened their regulations and MCP completely in compliance with US rules. Yes, it's not easy to mine RE but MCP does it effectively and safely. That's why it has limited competition and is a buy.

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