Rare Earth Research -
Been consolidating some items from JoTeng on rare earths. Here is his take on MLLOF which he considers a 'fun stock' to own.
JoTeng (now GlobalTrade) comment on MLLOF.
Medallion Resources and REE are partners on the mammoth Eden Lake Property. MLLOF.PK owns a 65% option on that tremendous project.
It is well known that REE is a prime takeover target.
It is the opinion of many that Medallion Resources will be taken out with REE in a massive deal because of the need to secure the Eden Lake Property.
In addition, many folks feel that Medallion Resources is worth between 12 and 15 dollars a share in any takeover.
Imo, MLLOF.PK is the number one rare earth stock to own right now as that possible takeover draws closer.
From an article by Dr. Bird
Medallion Resources CEO Dr. William Bird is the former CEO of REE.
He put that rare earth mega-company on the map and then founded MLLOF.PK.
TGR: You head up the Canadian-listed company, Medallion Resources Ltd. (TSX.V:MDL). Please provide some insight into Medallion's properties and its plans for those assets.
BB: Medallion offers the investment community one of the best technical teams available in the industry right now. My associates and I have exceptional REE experience; we use this knowledge of the market and geology to find the best possible properties available. Also, one of our major thrusts is to find new and better REE sources than those being investigated by the rest of the exploration industry. We're very concerned about costs, and one of the best ways to beat costs is to have a very large deposit with a simple metallurgy.
TGR: That'll be interesting to watch. What about Medallion's existing assets?
BB: Over the last year, we scanned all available Canadian REE properties for those that fit our criteria of a very large tonnage and simple metallurgy. Our first choice was the Eden Lake project in Manitoba. We spent the past summer sampling a specific kind of mineralization that occurs in the deposit that could lead to very large tonnage and relatively simple metallurgy. We have samples at the assayer now; numbers should be returned to us before the end of the year. At that time, we'll have our first decision point for that property.
Our other property in southern Labrador is a significant land package in the Red Wine intrusive complex. The Red Wine complex has a considerable amount of the mineral eudialyte, which is known around the world to be a potential source of heavy rare earth elements. The rock that carries this material in the Red Wine complex is right at the surface. It's a large area, which would be easy to mine and would give us a relatively low-cost operation.
Dr. William H. Bird holds a PhD in geology from the Colorado School of Mines is a registered professional geologist with more than 40 years of mining and corporate experience. He possesses a strong combination of business credentials and mineral-industry expertise. His practical and theoretical understanding of geology (most notably rare earth elements), mineralogy and metallurgy is recognized as exceptional. Since his early career as a mineralogy professor, Dr. Bird has pursued his long-standing interest in rare earth elements and their mineral occurrences around the world. In 2005, he became chief executive of Rare Element Resources, which owns the prominent Bear Lodge REE and gold property. Dr. Bird left Rare Element Resources at the end of 2007 to devote his energy and expertise to Medallion Resources, where he is working to build a top-tier rare earth exploration and development company.