Monday, January 21, 2013 6:49:52 PM
REE could be a triple...
http://finance.yahoo.com/news/rare-element-drilling-results-expand-213000133.html
Rare Element Resources Ltd. (RES.TO)(NYSE Amex:REE)(NYSE MKT:REE) is pleased to announce rare earth element (REE) assay results from 21 drill holes completed during the ongoing 2012 drilling program at the Company''s 100% owned Bear Lodge property, located in northeastern Wyoming, USA. The current drilling continues to demonstrate that the Bear Lodge resource is one of the highest grade total rare earth oxide (TREO) deposits in the world, and now also highlights the significant value of the content of combined Critical Rare Earth Oxides (CREOs).
http://seekingalpha.com/article/287185-a-rare-earth-element-opportunity-with-something-for-gold-bugs?source=email_rt_mc_focus_2
Global Hunter Securities had some very positive things to say about Rare Element Resources last month. According to its report, “the project’s location, straightforward mining plan and relatively low capex make Rare Element a compelling investment at this time.” Global Hunter gave a price target of $18.50. That may be a bit optimistic for a company yet to turn a profit. But, even if the stock reaches $14 per share, the returns would be greater than 50%.
REE has something for the gold bugs
A play on gold makes Rare Element Resources a bit more attractive than similar competitors such as General Moly (AMEX: GMO) and Avalon Rare Metals, Inc. (AMEX: AVL) . Rare Element Resources’ Sundance gold mine in Wyoming is said to have “resource in excess of 900,000 ounces.” This diversification of production could help cushion Rare Element Resources against an unexpected blow in the rare earth industry.
So it’s important to keep in mind that Rare Element Resources has a 52-week low of $2.69. As recently as May 2009 it was trading below $1 per share. It’s a very volatile, speculative company. It may be wise to simply keep an eye on the company and see how these mining projects in North America develop.
The recent plunge in the market also sank Market Vectors Rare Earth Metals ETF (NYSE: REMX). This ETF is around $20 per share after reaching above $28 earlier this year. This may be a safer investment for those bullish on rare earths.
REE
http://finance.yahoo.com/news/rare-element-drilling-results-expand-213000133.html
Rare Element Resources Ltd. (RES.TO)(NYSE Amex:REE)(NYSE MKT:REE) is pleased to announce rare earth element (REE) assay results from 21 drill holes completed during the ongoing 2012 drilling program at the Company''s 100% owned Bear Lodge property, located in northeastern Wyoming, USA. The current drilling continues to demonstrate that the Bear Lodge resource is one of the highest grade total rare earth oxide (TREO) deposits in the world, and now also highlights the significant value of the content of combined Critical Rare Earth Oxides (CREOs).
http://seekingalpha.com/article/287185-a-rare-earth-element-opportunity-with-something-for-gold-bugs?source=email_rt_mc_focus_2
Global Hunter Securities had some very positive things to say about Rare Element Resources last month. According to its report, “the project’s location, straightforward mining plan and relatively low capex make Rare Element a compelling investment at this time.” Global Hunter gave a price target of $18.50. That may be a bit optimistic for a company yet to turn a profit. But, even if the stock reaches $14 per share, the returns would be greater than 50%.
REE has something for the gold bugs
A play on gold makes Rare Element Resources a bit more attractive than similar competitors such as General Moly (AMEX: GMO) and Avalon Rare Metals, Inc. (AMEX: AVL) . Rare Element Resources’ Sundance gold mine in Wyoming is said to have “resource in excess of 900,000 ounces.” This diversification of production could help cushion Rare Element Resources against an unexpected blow in the rare earth industry.
So it’s important to keep in mind that Rare Element Resources has a 52-week low of $2.69. As recently as May 2009 it was trading below $1 per share. It’s a very volatile, speculative company. It may be wise to simply keep an eye on the company and see how these mining projects in North America develop.
The recent plunge in the market also sank Market Vectors Rare Earth Metals ETF (NYSE: REMX). This ETF is around $20 per share after reaching above $28 earlier this year. This may be a safer investment for those bullish on rare earths.
REE
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