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I'm feeling ya! LOL Fortunately for me, this is my work.
I've got some cash en route. I'm gonna take a real nice shot at that wall if it's still standing there by the time this wire comes in.
Yeah... I'm going to have to go take a cold shower here pretty soon.
Gonna be fun to see this catch up with MDMN eh Rick? We're currently looking at .26 here. Shorty's gotta be crapping itself! LOL
Yeah he was a riot! Would love to see him here with us.
I hope you all who have L II are watching NITE actually run to a higher price every time he gets to the top of the ask...and he's been atop the bid for most of the time as well. Sure looks like someone's trying to do some covering to me!
LOL that brings back some memories Rick! LOL
To each their own and I can't blame them. I know what I have here and I won't be selling any of it any time soon. Same with CDCH. It should be at least at .25 right now.
Thanks doog... we ain't even started yet.
I've flipped some really good investment stocks in my time. Each case was the same in that I didn't take the time to DD the companies to know that I would have been better off to hold. Not at all the case this time.
Now I like to flip oil/silver/gold futures and put the profits into my investments.
It's a beautiful thing. Just think, this is just a warm up to the real fun!
There'll be a lot of flippers here now. They're free to play, but I hung my flippers out to dry months ago for this play.
Everyone with LII notice how NITE runs away from the top of the ask every time the price moves up to him? Looks like someone's getting nervous.
I believe the top 30 something own more than the OS. If I get clarity I'll update this.
Absolutely agree.
It is and no, contrary to popular belief, not all gaps get filled nor do they "need" to.
Is this stock a good buy?
Gold and silver shorts are losing control (article)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/29_James_Turk_-_Gold_%26_Silver_Shorts_are_Losing_Control.html
Quest Rare Minerals Appoints Ernst & Young LLP as Auditors
http://www.marketwatch.com/story/quest-rare-minerals-appoints-ernst-young-llp-as-auditors-2010-12-16?siteid=nbsh
TORONTO, ONTARIO, Dec 16, 2010 (MARKETWIRE via COMTEX) -- Quest Rare Minerals Ltd. (CA:QRM 4.62, 0.00, 0.00%) is pleased to announce that its Board of Directors has appointed Ernst & Young LLP, Chartered Accountants, as Quest's auditors. The appointment of Ernst & Young LLP follows the resignation of Bratt Fremeth Star G.P., Chartered Accountants, as Quest's auditors, at the request of the Board. Bratt Fremeth Star G.P. have served as Quest's auditors since its incorporation. The change of auditors was made primarily in light of Quest's intention to seek a listing on a stock exchange in the United States.
"The appointment of Ernst & Young LLP as our auditors reflects Quest's continued growth and will facilitate any future filings of our financial statements in the United States" said Peter J. Cashin, Quest's President & Chief Executive Officer. "We express our appreciation to Bratt Fremeth Star, who will continue to work with us and our new auditors on specific matters."
About Quest Rare Minerals
Quest Rare Minerals Ltd. is a Canadian-based exploration company focused on the identification and discovery of new and significant Rare Earth deposit opportunities. The Corporation is publicly listed on the TSX Venture Exchange as "QRM" and is led by a highly respected management and technical team with a proven mine finding track record. Quest is currently advancing several high potential projects in Canada's premier exploration areas: the Strange Lake and Misery Lake areas of northeastern Quebec, the Kenora area of northwestern Ontario and the Plaster Rock area of northwestern New Brunswick. Quest's 2009 exploration led to the discovery of a significant new Rare Earth metal deposit, the B-Zone, on its Strange Lake property in northeastern Quebec. The Corporation recently filed a 43-101 Inferred Resource Estimate on the B-Zone deposit and has completed a Preliminary Economic Assessment (PEA) for the deposit. In addition, Quest announced the discovery of an important new area of REE mineralization on its Misery Lake project, approximately 120 km south of Strange Lake project. Quest continues to pursue high-value project opportunities throughout North America. As a result of a recently-completed marketed equity financing, Quest has a strong working capital position in excess of $51.0 million. This will be sufficient to advance the Corporations plans of completing a pre-feasibility study of the B-Zone REE deposit by 2011-2012 and to continue exploration on its other rare earth property interests.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Quest Rare Minerals Ltd.
Peter J. Cashin
President & CEO
(416) 916-0777 or 1-887-916-0777
(416) 916-0779 (FAX)
info@questrareminerals.com
www.questrareminerals.com
SOURCE: Quest Rare Minerals Ltd.
mailto:info@questrareminerals.com
http://www.questrareminerals.com
Copyright 2010 Marketwire, Inc., All rights reserved
I would expect to see some support in the 2.60 - 2.50 range. If not, you've got the 50MA at 2.21. Lose that support and you might be looking at around 1.80. imo
Molycorp and Sumitomo Agree to USD$130 Million Equity and Debt Investment in Molycorp in Exchange for Rare Earth Supply Agreement
GREENWOOD VILLAGE, Colo., Dec 10, 2010 (BUSINESS WIRE) -- Molycorp, Inc. (MCP 32.19, +1.40, +4.55%) today announced that it has entered into a Memorandum of Understanding (MOU) with Sumitomo Corporation pursuant to which Sumitomo will assemble an equity and debt financing package in the aggregate amount of $130 million for Molycorp's use in completing its rare earth "Mine-to-Magnets" manufacturing supply chain. In exchange, Molycorp will provide Sumitomo with substantial quantities of several rare earth products over the next seven years.
Pursuant to the transactions contemplated by the MOU, Sumitomo will purchase $100 million of Molycorp common stock and provide Molycorp $30 million in debt financing at a low interest rate. Sumitomo is seeking financial support from the Japan Oil, Gas and Metals National Corporation (JOGMEC), a Japanese government entity, in connection with this effort. The transactions contemplated by the MOU are subject to finalization of definitive agreements and the financing transactions are expected to close in February 2011.
Molycorp is expected to provide Sumitomo with approximately 2,500 metric tons per year of cerium- and lanthanum-based products and 250 metric tons of didymium oxide (a combination of neodymium and praseodymium) per year from its current production facility at Mountain Pass, California. Following completion of its new, state-of-the-art rare earth processing facility at Mountain Pass, Molycorp will provide to Sumitomo for an additional five years approximately 3,000 metric tons of cerium- and lanthanum-based products per year and 250 metric tons of didymium oxide per year.
"We are very pleased to have entered into the Memorandum of Understanding with Sumitomo," said Mark Smith, Molycorp's Chief Executive Officer. "This financing will help to ensure that Molycorp will deploy its entire mine-to-magnets manufacturing supply chain on time and on budget."
"The Memorandum of Understanding underscores our high level of confidence in Molycorp's ability to execute its 'mine-to-magnets' business strategy and to provide competitive and stable sources of high-quality rare earth products for many years to come," said Rei Ito, General Manager of Sumitomo's Inorganic Chemicals & Industrial Minerals Department.
About Molycorp
Colorado-based Molycorp, Inc. is the only rare earth oxide, or REO, producer in the Western Hemisphere and currently produces approximately 3,000 metric tons of commercial rare earth materials per year. Following the execution of Molycorp's "mine-to-magnets" strategy and the expected completion of its modernization and expansion efforts at its Mountain Pass, California processing facility by the end of 2012, Molycorp expects to produce at a rate of approximately 20,000 metric tons of REO equivalent per year and intends to offer a range of rare earth products, including high-purity oxides, metals, alloys, and permanent magnets.
This press release contains forward-looking statements that represent Molycorp's ("Company") beliefs, projections and predictions about future events or its future performance. You can identify forward-looking statements by terminology such as "may," "will," "would," "could," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" or the negative of these terms or other similar expressions or phrases. These forward-looking statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause the Company's actual results, performance or achievements or industry results to differ materially from any future results, performance or achievement described in or implied by such statements. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: the Company's ability to enter into definitive agreements for the transactions contemplated by the Memorandum of Understanding, including within the anticipated timeframe; the Company's ability to secure sufficient capital to implement its business plans; the Company's ability to complete its modernization and expansion efforts and reach full planned production rates for REOs and other planned downstream products; uncertainties associated with the Company's reserve estimates and non-reserve deposit information; uncertainties regarding global supply and demand for rare earth materials; the Company's ability to maintain appropriate relations with unions and employees; the Company's ability to successfully implement its "mine-to-magnets" strategy; environmental laws, regulations and permits affecting the Company's business, directly and indirectly, including, among others, those relating to mine reclamation and restoration, climate change, emissions to the air and water and human exposure to hazardous substances used, released or disposed of by the Company; uncertainties associated with unanticipated geological conditions related to mining; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2010, which filings are available from the SEC.
Any forward-looking statement you read in this press release reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to the Company's operations, operating results, growth strategy and liquidity. You should not place undue reliance on these forward-looking statements because such statements speak only as to the date when made. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future, except as otherwise required by applicable law.
SOURCE: Molycorp, Inc.
Molycorp Company Contact:
Jim Sims
Director of Public Affairs
+1 (303) 843-8067
Jim.Sims@Molycorp.com
or
Molycorp Investor Relations:
ICR, Inc.
Gary T. Dvorchak, CFA ICR, LLC
Senior Vice President
+1 310-954-1123
Gary.Dvorchak@icrinc.com
http://www.marketwatch.com/story/molycorp-and-sumitomo-agree-to-usd130-million-equity-and-debt-investment-in-molycorp-in-exchange-for-rare-earth-supply-agreement-2010-12-10?siteid=nbsh
Quest Drilling Discovers New Deep REE Zone Northwest of the B-Zone Pegmatite Deposit, Returns Up to 14.3 Metres at 2.65% TREO, Strange Lake, Quebec
Highlights: - B-Zone drilling continues to expand the size of the high grade mineralized surface Pegmatite Spine for over 1.2 km in strike length, with widths varying from 125 to 550 m and vertical thickness from 10.0 to over 191.0 metres - Multiple, high grade intersections of between 1.10% and 31.47% TREO over widths of 0.75m and 67.0m characterize all holes drilled into the surface pegmatite zone, within a larger, 152.6 and 314.6 m-thick, mineralized envelope grading between 0.86%-1.06% TREO - Deepening of 2009 drillholes into the B-Zone deposit have extended the granite hosted mineralization from a maximum vertical thickness of 135.2 m to over 314.6 m vertical - Drilling has also identified a new, deep zone of mineralization to the northwest of the Pegmatite Zone at depths from 60.6 m to 241.0 m returning 1.11% TREO over 180.4 m including 14.3 m grading 2.65% TREO
TORONTO, ONTARIO, Dec 09, 2010 (MARKETWIRE via COMTEX) -- Quest Rare Minerals Ltd. (CA:QRM 4.79, 0.00, 0.00%) is pleased to report the additional results from 2010 diamond drilling of their B-Zone rare earth element (REE) deposit. Lab results for holes BZ-10-44 to BZ-10-70 and one drillhole extension (BZ09015) have returned multiple, high Total Rare Earth Oxide (TREO) grade intersections of between 1.10% and 31.47% over thicknesses of 0.75 m to 67.0 m. Heavy REE (HREE) represents between 37% and 56% of the Total REE (TREO) content intersected in the new drilling. Best intersection grades returned 1.57% TREO over 29.1 m (BZ10060), 1.43% TREO over 22.5 m (BZ10066) and 1.49% TREO over 18.8 m (BZ10048). In addition, drilling has intersected a new, deeper zone of mineralization to the northwest of the surface Pegmatite returning 2.65% TREO over 14.3 m including some very high-grade intervals returning up to 31.47% TREO over 0.75 m carrying 17.6% HREE. More drilling will be required during the winter program to better define the extent of this important new area of mineralization. The detailed drill sample analysis table has been posted to Quest's website homepage at www.questrareminerals.com for review.
"Definition drilling on the B-Zone Pegmatite continues to return very strong grades of REE over important vertical thicknesses with consistently high proportions of valuable HREE," said Peter Cashin, Quest's President & CEO. "With the evidence of a new area of mineralization to the northwest from our Pegmatite Zone, the B-Zone deposit is developing to be a larger resource than originally thought. The Pegmatite Zone will likely constitute the focus of more advanced economic assessments of the B-Zone deposit in the future with additions to the resource model coming from the new deep zone as well as extensions of the Pegmatite Zone to the north and south."
B-Zone Definition Drill Program
Assays have been received for the 27 additional definition drillholes and one 2009 hole extension, representing 6,005.4 m (see Table 1, 2). The definition drilling program was designed to probe the B-Zone at drill centers of between 50-100 m. Drill results continue to confirm strong REE mineralization over 1.1 km strike length and over widths of up to 600 m. Drilling continues to define mineralization to be relatively flat dipping. A north trending Pegmatite Zone at the core, or spine, of the mineralized envelope (see Figure 1), has been defined along a minimum strike length of 1.1 km and vertical thicknesses of up to 191.3 m and to constitutes the highest grades observed in the B-Zone deposit. The surface footprint of the deposit is expressed as a two km-long, northeast trending airborne radiometric anomaly northwest of the Strange Lake Main Deposit. The radiometric anomaly abuts to the northwest against Brisson Lake and may extend further under the lake. Historical IOC drilling, located one km further to the north, indicates that mineralization may continue in this direction.
The best results from the additional drillholes of the program (see Table 1 for hole locations) are:
-----------------------------------------------------------------------
-----
From To Length TREO LREO HREO HREO
Borehole (m) (m) (m) % % % %
----------------------------------------------------------------------------
BZ10044 5.86 158.44 152.58 0.852 0.544 0.309 36.20
----------------------------------------------------------------------------
BZ10044 18.16 36.53 18.37 1.181 0.688 0.493 41.76
----------------------------------------------------------------------------
BZ10044 18.16 20.26 2.10 3.062 1.935 1.127 36.79
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10046 4.67 173.50 168.83 0.838 0.512 0.327 38.97
----------------------------------------------------------------------------
BZ10046 74.34 88.00 13.66 1.234 0.679 0.554 44.94
----------------------------------------------------------------------------
BZ10046 129.89 149.87 19.98 0.872 0.532 0.339 38.93
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10047 6.00 200.70 194.70 0.890 0.512 0.378 42.48
----------------------------------------------------------------------------
BZ10047 116.30 134.80 18.50 1.428 0.660 0.768 53.78
----------------------------------------------------------------------------
BZ10047 117.95 129.18 11.23 1.795 0.791 1.004 55.93
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10048 3.00 198.60 195.60 0.924 0.554 0.369 39.99
----------------------------------------------------------------------------
BZ10048 19.60 126.00 106.40 1.048 0.602 0.446 42.59
----------------------------------------------------------------------------
BZ10048 19.60 38.40 18.80 1.485 0.735 0.751 50.54
----------------------------------------------------------------------------
BZ10048 32.50 35.88 3.38 3.522 1.564 1.958 55.60
----------------------------------------------------------------------------
BZ10048 91.00 105.25 14.25 1.106 0.649 0.458 41.37
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10053 18.59 120.88 102.29 0.956 0.559 0.397 41.52
----------------------------------------------------------------------------
BZ10053 18.59 24.47 5.88 1.150 0.540 0.611 53.10
----------------------------------------------------------------------------
BZ10053 98.98 110.56 11.58 1.128 0.613 0.515 45.66
----------------------------------------------------------------------------
BZ10053 39.87 56.2 16.33 1.100 0.626 0.474 43.11
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10055 1.50 194.30 192.80 0.890 0.546 0.344 38.66
----------------------------------------------------------------------------
BZ10055 24.80 31.55 6.75 1.114 0.648 0.467 41.89
----------------------------------------------------------------------------
BZ10055 86.00 113.00 27.00 1.149 0.673 0.476 41.45
----------------------------------------------------------------------------
BZ10055 94.30 99.30 5.00 2.057 1.057 1.000 48.60
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10058 35.80 92.00 56.20 1.008 0.578 0.430 42.67
----------------------------------------------------------------------------
BZ10058 35.80 56.00 20.20 1.168 0.639 0.529 45.28
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10059 5.96 320.60 314.64 0.860 0.560 0.300 34.88
----------------------------------------------------------------------------
BZ10059 51.96 129.05 77.09 0.974 0.574 0.400 41.05
----------------------------------------------------------------------------
BZ10059 97.66 106.77 9.11 1.760 1.047 0.713 40.50
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10060 9.45 212.60 203.15 0.911 0.557 0.354 38.88
----------------------------------------------------------------------------
BZ10060 12.00 79.00 67.00 1.248 0.684 0.564 45.22
----------------------------------------------------------------------------
BZ10060 58.80 63.00 4.20 2.603 1.143 1.460 56.09
----------------------------------------------------------------------------
BZ10060 49.90 79.00 29.10 1.568 0.749 0.819 52.23
----------------------------------------------------------------------------
BZ10060 70.00 79.00 9.00 2.238 1.012 1.226 54.80
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10064 2.91 251.40 248.49 0.848 0.516 0.332 39.14
----------------------------------------------------------------------------
BZ10064 137.00 143.79 6.79 1.431 0.690 0.741 51.76
----------------------------------------------------------------------------
BZ10064 137.00 182.35 45.35 1.068 0.602 0.466 43.68
----------------------------------------------------------------------------
BZ10064 171.75 182.35 10.60 1.386 0.716 0.670 48.32
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10065 10.40 189.70 179.30 0.923 0.584 0.339 36.71
----------------------------------------------------------------------------
BZ10065 44.00 116.00 72.00 1.013 0.629 0.384 37.90
----------------------------------------------------------------------------
BZ10065 83.20 87.67 4.47 2.017 1.081 0.936 46.40
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10066 2.65 272.40 269.75 0.873 0.547 0.326 37.39
----------------------------------------------------------------------------
BZ10066 2.65 25.15 22.50 1.421 0.723 0.698 49.10
----------------------------------------------------------------------------
BZ10066 10.06 14.35 4.29 2.456 1.209 1.247 50.76
----------------------------------------------------------------------------
BZ10066 93.47 97.07 3.60 1.647 1.017 0.630 38.26
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10067 3.00 215.30 212.30 0.870 0.557 0.313 36.00
----------------------------------------------------------------------------
BZ10067 60.00 113.00 53.00 1.020 0.585 0.435 42.65
----------------------------------------------------------------------------
BZ10067 80.00 90.00 10.00 1.284 0.697 0.588 45.76
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10068 3.20 188.50 185.30 0.912 0.549 0.363 39.78
----------------------------------------------------------------------------
BZ10068 51.19 75.78 24.59 1.074 0.556 0.518 48.26
----------------------------------------------------------------------------
BZ10068 109.53 113.89 4.36 2.221 1.048 1.173 52.80
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BZ10070 7.13 248.30 241.17 1.062 0.712 0.350 33.00
----------------------------------------------------------------------------
BZ10070 60.60 159.00 98.40 1.029 0.622 0.407 39.58
----------------------------------------------------------------------------
BZ10070 157.75 159.00 1.25 4.290 2.069 2.222 51.79
----------------------------------------------------------------------------
BZ10070 201.85 202.60 0.75 31.465 29.594 1.871 5.95
----------------------------------------------------------------------------
BZ10070 196.70 211.00 14.30 2.651 2.185 0.466 17.58
----------------------------------------------------------------------------
BZ10070 237.00 241.00 4.00 1.899 1.579 0.320 16.83
----------------------------------------------------------------------------
The better grades of mineralization are associated with what is termed the Pegmatite Zone which is composed of a high proportion of very coarse-grained pegmatite intercalated with extremely altered intrapegmatitic Strange Lake peralkaline granite at the uppermost parts of the B-Zone mineralized system (see Diamond Drill Section in Figure 2). The highly-altered granite hosting pegmatites continue to carry elevated grades of REE in excess of 0.7% TREO over core lengths of over 314.6 m. A 0.85% TREO cut-off, as specified in Quest's recent Preliminary Resource Estimate (see press release:April 7)(see press release:2010), was used in determining the average grades of diamond drill intersections.
In addition to the definition drilling on the Pegmatite Zone, deep drilling to the northwest at a vertical depth topping out at 60m below surface has intersected a new zone of pegmatite-style mineralization. The new Pegmatite Deep Zone was intersected in drillhole BZ10070 to a depth of 241.0 m. Further drilling will be oriented to expand this important new area of mineralization, likely during the proposed Winter 2011 drilling program.
Revised 43-101 Resource Estimate - B-Zone Deposit
Work is continuing on building and finalizing the digital database for the 2010 diamond drilling program. Once the remaining assay data is received from the Laboratory and incorporated into the data file, it will be delivered to Wardrop Engineering, Inc. of Toronto, Ontario, for resource calculation. It is anticipated that the revised resource estimate will be delivered before the end of the First Quarter of 2011 for filing on SEDAR.com.
Quality Control
Mr. Peter Cashin, P. Geo., is the qualified person on the Strange Lake Project under National Instrument 43-101 and is responsible for this news release. Material for analysis has been obtained from drill core which was cut in half using a diamond saw. Half of the core was sent to the lab for analysis, with the remaining half left on-site for future reference. A strict QA/QC program is followed which includes the use of elemental standards, duplicates and blanks. Analyses were performed by Activation Laboratory Limited of Ancaster, Ontario.
About Quest Rare Minerals
Quest Rare Minerals Ltd. is a Canadian-based exploration company focused on the identification and discovery of new and significant Rare Earth deposit opportunities. The Corporation is publicly listed on the TSX Venture Exchange as "QRM" and is led by a highly respected management and technical team with a proven mine finding track record. Quest is currently advancing several high potential projects in Canada's premier exploration areas: the Strange Lake and Misery Lake areas of northeastern Quebec, the Kenora area of northwestern Ontario and the Plaster Rock area of northwestern New Brunswick. Quest's 2009 exploration led to the discovery of a significant new Rare Earth metal deposit, the B-Zone, on its Strange Lake property in northeastern Quebec. The Corporation recently filed a 43-101 Inferred Resource Estimate on the B-Zone deposit and has completed a Preliminary Economic Assessment (PEA) for the deposit. In addition, Quest announced the discovery of an important new area of REE mineralization on its Misery Lake project, approximately 120 km south of Strange Lake project. Quest continues to pursue high-value project opportunities throughout North America. As a result of a recently-completed marketed equity financing, Quest has a strong working capital position in excess of $51.0 million. This will be sufficient to advance the Corporations plans of completing a pre-feasibility study of the B-Zone REE deposit by 2011-2012 and to continue exploration on its other rare earth property interests.
Forward-Looking Statements
This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. More particularly, this news release may contain forward-looking information concerning the Strange Lake B-Zone Rare Earth Element (REE) deposit held by Quest Rare Minerals Ltd. ("Quest"). This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Quest. Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Quest will derive. In particular, no assurance can be given with respect to the development by Quest of the Strange Lake B-Zone Rare Earth REE deposit. Forward-looking information is based on the estimates and opinions of Quest's management at the time the information is released and Quest does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/qrm1209fig1.pdf.
To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/qrm1209fig2.pdf.
Table 1 - Diamond Drillhole Location Table, B-Zone Deposit, Strange Lake
Project, Quebec
----------------------------------------------------------------------------
HOLE-ID Easting Northing Elevation Length Dip Azimuth
----------------------------------------------------------------------------
BZ09015 427851.48 6243130.11 446.38 306.0 -60 145.6
----------------------------------------------------------------------------
BZ10044 428190.00 6243130.00 450.00 158.4 -90 0
----------------------------------------------------------------------------
BZ10045 428187.00 6242935.00 472.00 185.3 -90 0
----------------------------------------------------------------------------
BZ10046 428188.00 6242736.00 496.00 173.5 -90 0
----------------------------------------------------------------------------
BZ10047 428253.00 6242820.00 505.00 200.7 -90 0
----------------------------------------------------------------------------
BZ10048 428255.00 6243018.00 460.00 198.6 -90 0
----------------------------------------------------------------------------
BZ10049 428290.00 6242956.00 476.00 170.2 -90 0
----------------------------------------------------------------------------
BZ10050 428287.00 6242759.00 504.00 266.4 -90 0
----------------------------------------------------------------------------
BZ10051 428325.00 6242896.00 492.00 170.4 -90 0
----------------------------------------------------------------------------
BZ10052 428359.00 6242836.00 507.00 212.2 -90 0
----------------------------------------------------------------------------
BZ10053 428396.00 6242774.00 511.00 179.8 -90 0
----------------------------------------------------------------------------
BZ10054 428218.00 6242679.00 518.00 224.4 -90 0
----------------------------------------------------------------------------
BZ10055 428111.00 6242684.00 510.00 194.3 -90 0
----------------------------------------------------------------------------
BZ10056 428420.00 6242921.00 483.00 179.4 -90 0
----------------------------------------------------------------------------
BZ10057 428460.00 6242859.00 502.00 206.3 -90 0
----------------------------------------------------------------------------
BZ10058 428495.00 6242796.00 521.00 233.5 -90 0
----------------------------------------------------------------------------
BZ10059 428355.00 6243043.00 475.00 320.6 -90 0
----------------------------------------------------------------------------
BZ10060 428279.00 6243174.00 450.00 212.6 -90 0
----------------------------------------------------------------------------
BZ10061 428389.69 6243175.29 454.58 193.6 -90 0
----------------------------------------------------------------------------
BZ10062 428428.14 6243113.36 461.90 188.5 -90 0
----------------------------------------------------------------------------
BZ10063 428460.36 6243053.08 469.40 260.4 -90 0
----------------------------------------------------------------------------
BZ10064 428495.13 6242995.64 481.83 251.4 -90 0
----------------------------------------------------------------------------
BZ10065 427942.00 6243159.00 437.00 189.7 -90 0
----------------------------------------------------------------------------
BZ10066 427893.00 6242843.00 456.00 272.4 -90 0
----------------------------------------------------------------------------
BZ10067 427858.00 6242905.00 441.00 215.3 -90 0
----------------------------------------------------------------------------
BZ10068 427798.00 6242808.00 456.00 188.5 -90 0
----------------------------------------------------------------------------
BZ10069 427701.00 6242776.00 452.00 204.7 -90 0
----------------------------------------------------------------------------
BZ10070 427738.00 6242914.00 440.00 248.3 -90 0
----------
----------
TOTAL METRES 6005.4
----------------------------------------------------------------------------
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Quest Rare Minerals Ltd.
Peter J. Cashin
President & CEO
(416) 916-0777 or 1-877-916-0777
(416) 916-0779 (FAX)
info@questrareminerals.com
www.questrareminerals.com
SOURCE: Quest Rare Minerals Ltd.
mailto:info@questrareminerals.com
http://www.questrareminerals.com
http://www.marketwatch.com/story/quest-drilling-discovers-new-deep-ree-zone-northwest-of-the-b-zone-pegmatite-deposit-returns-up-to-143-metres-at-265-treo-strange-lake-quebec-2010-12-09?siteid=nbsh
Canadian Rare Earth Miners Look Like Prime Takeover Targets
The Bedford Report Provides Analyst Research on Rare Element Resources & Avalon Rare Metals
NEW YORK, NY, Dec 02, 2010 (MARKETWIRE via COMTEX) -- Merger & Acquisition activity in Canada has been skyrocketing this year with the Country's miners being in the spotlight. Lee Hodgkinson, head of the Canadian mining practice at KPMG, recently pointed out that close to half of the world's M&A activity happen in Canada. In the third quarter the total value of M&A's in the country rose more than 40% sequentially to $48 billion, boosted by 10 mega-deals -- deals with values greater than $1 billion. Nearly 60 percent of those mega-deals were cross border transactions -- signalling a trend in international interest. With Canadian rare earth miners garnering a lot attention this year, speculation is mounting that these companies could be next in the M&A spotlight. The Bedford Report examines the emerging rare Earth Elements Industry and provides research reports on Rare Element Resources Ltd. (REE 10.20, +0.10, +0.99%) and Avalon Rare Metals Inc. (CA:AVL 3.77, 0.00, 0.00%) . Access to the full company reports can be found at:
www.bedfordreport.com/2010-12-REE
www.bedfordreport.com/2010-12-AVL
In recent months Wall Street has began to take notice of the Rare Earth Metals. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For example, there are nearly ten pounds of the rare earth element, lanthanum, in every Toyota Prius engine. In addition, rare earth elements are vital to military technology.
While China continues to dominate the rare elements market -- at the moment China accounts for as much as 95 percent of global production of rare earth metals -- the US hopes to re-establish itself as a global leader in Rare Element production. Recently the US House of Representatives passed the Rare Earths and Critical Materials Revitalization Act of 2010, which supports the discovery and development of rare earth sites inside of the United States.
The Bedford Report releases regular market updates on the blossoming industrial metals sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
With the House working on a bill to allow more companies to mine for rare earths, this raises the possibility that a major mining company looking to expand its product portfolio could potentially acquire one of these cheap Canadian Rare Earth plays. In fact, back in October shares of Rare Element Resources skyrocketed after Reuters quoted analysts saying that the company is a prime takeover target.
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer
Contact:
The Bedford Report
Email Contact
SOURCE: The Bedford Report
http://www2.marketwire.com/mw/emailprcntct?id=0EFC9C0D1C135F3E
http://www.marketwatch.com/story/canadian-rare-earth-miners-look-like-prime-takeover-targets-2010-12-02?siteid=nbsh
Canadian Rare Earth Miners Look Like Prime Takeover Targets
The Bedford Report Provides Analyst Research on Rare Element Resources & Avalon Rare Metals
NEW YORK, NY, Dec 02, 2010 (MARKETWIRE via COMTEX) -- Merger & Acquisition activity in Canada has been skyrocketing this year with the Country's miners being in the spotlight. Lee Hodgkinson, head of the Canadian mining practice at KPMG, recently pointed out that close to half of the world's M&A activity happen in Canada. In the third quarter the total value of M&A's in the country rose more than 40% sequentially to $48 billion, boosted by 10 mega-deals -- deals with values greater than $1 billion. Nearly 60 percent of those mega-deals were cross border transactions -- signalling a trend in international interest. With Canadian rare earth miners garnering a lot attention this year, speculation is mounting that these companies could be next in the M&A spotlight. The Bedford Report examines the emerging rare Earth Elements Industry and provides research reports on Rare Element Resources Ltd. (REE 10.20, +0.10, +0.99%) and Avalon Rare Metals Inc. (CA:AVL 3.77, 0.00, 0.00%) . Access to the full company reports can be found at:
www.bedfordreport.com/2010-12-REE
www.bedfordreport.com/2010-12-AVL
In recent months Wall Street has began to take notice of the Rare Earth Metals. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For example, there are nearly ten pounds of the rare earth element, lanthanum, in every Toyota Prius engine. In addition, rare earth elements are vital to military technology.
While China continues to dominate the rare elements market -- at the moment China accounts for as much as 95 percent of global production of rare earth metals -- the US hopes to re-establish itself as a global leader in Rare Element production. Recently the US House of Representatives passed the Rare Earths and Critical Materials Revitalization Act of 2010, which supports the discovery and development of rare earth sites inside of the United States.
The Bedford Report releases regular market updates on the blossoming industrial metals sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
With the House working on a bill to allow more companies to mine for rare earths, this raises the possibility that a major mining company looking to expand its product portfolio could potentially acquire one of these cheap Canadian Rare Earth plays. In fact, back in October shares of Rare Element Resources skyrocketed after Reuters quoted analysts saying that the company is a prime takeover target.
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer
Contact:
The Bedford Report
Email Contact
SOURCE: The Bedford Report
http://www2.marketwire.com/mw/emailprcntct?id=0EFC9C0D1C135F3E
http://www.marketwatch.com/story/canadian-rare-earth-miners-look-like-prime-takeover-targets-2010-12-02?siteid=nbsh
Listing on AMEX
TORONTO, ONTARIO, Nov 30, 2010 (Marketwire via COMTEX) -- Avalon Rare Metals Inc. (CA:AVL 3.58, -0.14, -3.76%) (otcqx:AVARF) ("Avalon" or the "Company") is pleased to provide the following corporate update.
NYSE Amex Listing Application
The Company has applied for and received approval from NYSE Regulation on behalf of NYSE Amex LLC, to file an Original Listing Application to list its common shares on the NYSE Amex, an affiliate of the New York Stock Exchange. There are a number of conditions that the Company must satisfy for listing on the NYSE Amex and efforts are underway to satisfy these conditions as part of the Original Listing Application. Avalon expects that this process will take approximately four to six weeks.
Avalon President, Don Bubar stated that "Listing of the Company's shares in the United States will better accommodate the growing interest amongst American investors in Avalon's rare metals business. A full US Stock Exchange listing will facilitate greater participation by US investors and will likely result in increased liquidity for shareholders generally."
Audited Annual Financial Statements, MD&A and AIF
The Company announces that it has filed its Audited Annual Financial Statements, Management Discussion and Analysis ("MD&A") and Annual Information Form ("AIF") for the fiscal year ended August 31, 2010. These documents may be viewed at www.sedar.com. The audit was performed by McCarney, Greenwood LLP, Toronto, ON, who are a registered firm with the Public Company Accounting Oversight Board in the United States, which is a required condition of the NYSE Amex listing application.
Annual General Meeting
The Company will hold its Annual General Meeting of Shareholders at 4:30 p.m. on Thursday, January 27, 2011 at The Toronto Board of Trade, located at 1 First Canadian Place, Toronto, Ontario.
At the meeting, the Company's shareholders will be asked to approve a special resolution for continuance of the Company from being governed by the Business Corporations Act (British Columbia) ("BCA") to being governed by the Canada Business Corporations Act ("CBCA"). The Company's operations have been outside British Columbia for some time and being governed by the CBCA, rather than the BCA, will reduce the Company's legal costs and streamline its corporate functions.
About Avalon Rare Metals Inc. (CA:AVL 3.58, -0.14, -3.76%) (otcqx:AVARF)
Avalon Rare Metals Inc. is a mineral exploration and development company focused on rare metals deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT, is emerging as one of the largest undeveloped rare earth elements resources in the world. Its exceptional enrichment in the more valuable 'heavy' rare earth elements, which are key to enabling advances in green energy technology and other growing high-tech applications, is one of the few potential sources of these critical elements outside of China, currently the source of 95% of world supply. Avalon is well funded, has no debt and its work programs are progressing steadily. Social responsibility and environmental stewardship are corporate cornerstones. Avalon's performance on community engagement in the north earned it the 2010 PDAC Environmental and Social Responsibility Award.
Shares Outstanding: 92,391,470. Cash resources: approximately $39million.
To find out more about Avalon Rare Metals Inc., please visit our website at www.avalonraremetals.com. For questions and feedback, please e-mail the Company at ir@avalonraremetals.com.
This news release contains forward-looking information and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
SOURCE: Avalon Rare Metals Inc.
Avalon Rare Metals Inc.
Don Bubar
President and CEO
416-364-4938
416-364-5162(FAX)
www.avalonraremetals.com
http://www.marketwatch.com/story/avalon-provides-corporate-update-2010-11-30?siteid=nbsh
She ate the whole country???
Actually Rick, I called up my psychic and she told me that she had been feeling some indigestion from the Hot Pockets she had for lunch that day and mistook it as an intuition that the news would be out.
Sorry for the mixup.
As of today I am done with Ihub for good. I wish all the honest, impeccable people with integrity who are trying to make some honest money here the very best in your lives!
My apologies to chewbaka, Funky and the rest of the board.
I spent some time looking over the TOS rules and chewbaka was right. He has the right to post whatever he wants about management. Apparently it doesn't matter if what is posted is hearsay, rumor, innuendo, fact or fiction. As I understand it more clearly now, we all have the right to post whatever opinions we want about the company. It doesn't even matter if Les or anyone in management posts here. Management of publicly traded companies on Ihub do not qualify for the same types of protection against attacks as do regular, non-management types.
The choice for me is, am I really interested in reading and arguing over opinions? The answer is no. I have my perspective on things and nothing will change that short of some action(s) by the company, so I really see no point in hanging around and bickering with people.
Since I find myself again in disagreement with Ihub and the way they choose to run things, it's me who has the problem. The only way I know to really resolve the problem is to leave Ihub, and so I'm doing so happily.
For those of you who want to stick around and argue with others who hold opposing opinions to yours about this and any other company, my advice is to find a forum that gives you the freedom to do so and requires posters to have some sort of accountability for the content of their posts. (If anything like that even exists I don't know, but I doubt it).
Have fun
Great Thanksgiving here. Ready to get back to the futures tomorrow though. And yes, I agree.
I was told by a person with years of close personal business experience directly with Les Price that Les has been an upstanding individual, having made personal and financial sacrifices in order to enable the company the opportunity to get this deal done.
So, I guess different people have different experiences and each person will just have to determine on their own whether this is a worthy investment or not.
As for TOS violations, I leave it to the Ihub moderators to decide. Overall I guess it isn't a big deal. No post by anyone here is going to influence my investment decisions anyway.
John Embry - There Will Be a Mania in Gold & Silver Shares
With gold settling around $1,375 and silver holding $27.50, King World News interviewed John Embry, Chief Investment Strategist at Sprott Asset Management. When asked about the negativity surrounding the advance in gold and the disbelief in the upward price movement Embry said, “I think it’s very simple, the mainstream press is so negative on gold, and you get all of these high profile commentators like Dennis Gartman and they are always out saying the same thing. They are just sort of putting out the idea that, ‘Oh yeah, it may go a little bit higher BUT then it’s going to get smashed.’”
November 25, 2010
Embry continues:
“And I think collectively this type of propaganda I would call it, works on the average man’s mind. It’s created a collective negativity which is in my opinion dead wrong, and it just sets the stage for the next big up leg in both metals.”
When asked if we will see a repeat of the mania from late ’79 early ’80 where the share prices of some juniors skyrocketed between 34,000% and 542,000% in price Embry replied, “I would say unquestionably. I have been quoted a few times saying 5 and 10 baggers will be commonplace but I honestly think that this thing is big enough that we will see valuations at stupid prices, the likes of which we haven’t seen since the internet craze. It will be of that magnitude I believe before this thing runs its course.”
When asked why more seasoned professionals were not talking about an explosion in the price of silver John said, “Well, I’ll tell you one pro who’s talking about a blastoff and that’s my partner Eric Sprott, who if you check his record over the last 25 years, he’s probably as prescient as any man on earth. And he said to me the other day, ‘I think this thing is going to be $50 in several months and I think it’s the absolute investment of the decade if not more.’ So, I mean there’s one guy who’s opinion is worth listening to who thinks the silver price is just getting ready to go ballistic.”
Regarding gold Embry stated, “The debt in the system and the whole financial fragility of the whole system does not give them the option of withdrawing liquidity from the system. It forces them to pour more liquidity into the system. So, therefore gold is the monetary metal. It is not gold that’s changing, it’s been money for thousands of years, it’s the value of the paper money that’s changing. And if these people are required to create more and more money to keep the system intact, the price of gold is going to go up in terms of that paper money.”
The complete in-depth King World News interview with John Embry will be released shortly.
John Embry has been in the business for 48 years. At the beginning of the secular bull market in gold, John was the only mainstream (RBC Capital at the time) institutional individual to proclaim the bull market in gold. RBC was saying that’s not the message of the bank, so John was taking a lot of heat for his stance. Fortunately for all of us Eric Sprott hired John out of the mainstream and the rest is history.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/25_John_Embry_-_There_Will_Be_a_Mania_in_Gold_%26_Silver_Shares.html
Hiya DC. Hey, we still have 3 trading days left in November. Could happen any time, although December works too.
Funky, my intentions are not to discredit the "whiners". When I see whining I see someone in pain. My responses are intended to help alleviate the pain, although I admit that most of the time I don't do it in the nicest of ways. My point is, and has always been, this:
If you are in pain, alleviate the pain by changing the actions you are taking that are creating it. Believing in rumors from people you don't know is not the way to do this. People who do this do it because they want to believe that their actions were good and right and will yield a reward. The problem is that they (rightly) don't really believe in the rumors...they only WANT to. Believing is not knowing. When I did my DD in these companies, I was very careful about separating what I wanted to believe from what I KNEW. I don't think some were so careful. This is the cause of their pain and they are trying to kill their pain with something that only produces more pain...and they do it over and over again. My point is STOP! LOL
As for those with questionable motives attacking... who gives a rats ass what they think??? They have no power other than that which is given to them by those who choose to believe in what they post. It doesn't matter whether we like what is posted or dislike it. A response either way gives the attacker power. DON'T DO THAT! IGNORE THEM AND THEY BECOME IRRELEVANT AND THEY ARE ABSOLUTELY POWERLESS TO DO A DAMN THING ABOUT IT!
I am not bothered by anyone who posts anything, no matter what they claim. I find this board immensely entertaining and amazingly useful for my own personal awareness process. The best way to resolve one's problems is to watch others. It's easier to observe a person to see how they make their own pain than it is to observe the self. So, I watch everyone here and use them to see how I do what I see them doing. Then I take the advice that I give them. It works too!
Enjoy your dinner!
Thanks arkeo. In my first 6 years of trading I racked up over $400k in losses. I'm not at all ashamed to post it/say it either. I learned from every one of my actions. I've since turned that around and make a very comfortable living trading silver/gold/oil/emini futures... all by watching pretty colored squiggles and clicking a trackball button whilst sitting in my undies from the comfort of my living room!
It's ironic, but the more willing I am to see when I'm wrong and take a loss, the less I end up losing. Makes it a lot easier to be invested here and sleep at night. Of course, I pay no homage to the rumor gods! lol
I'm not inferring that you hate day traders, but some have made it abundantly clear.
Your point is taken and I agree that those spreading false information are slimballs. Now here's my point: If one knows their information is shit, then don't listen to it/act on it. Thus, they are rendered powerless. The only way that any person who posts on a message board has any sort of power is when another chooses to see their post as truth and make it their own or take some sort of action based upon it. If people would simply do what the company has stated and restated, to only get information from the company website, a lot of the nonsense here would be easily avoided.
Let me ask you this funky, using the same logic/reasoning that you presented your argument with...
You wrote, "...if the messenger knows (or should know from experience) he is delivering misleading or false messages, he is as guilty, or worse, because it is only through his delivery that the message actually reaches and harms the people."
Now, let's apply your logic to the people who are choosing to receive and give credence to the messenger and his message. If we do that, then aren't the people choosing to give credence to the messenger and his/her message just as guilty as the messenger, since they know (or should know from experience) they are choosing to believe in misleading or false messages?
Ever see the movie, "Kingdom of Heaven"? I particularly liked the following conversation where King Baldwin told Balian the following...
"None of us know our end, really...or what hand will guide us there.
A king may move a man. A father may claim a son.
That man can also move himself.
And only then does that man truly begin his own game.
Remember, how so ever you are played...
or by whom, your soul is in your keeping alone...
even though those who presume to play you be kings or men of power.
When you stand before God, you cannot say...
"But I was told by others to do thus"... or that virtue was
not convenient at the time.
This will not suffice."
Delete... double post.
I think you will find that some of the undesirables have been here for some time, working to establish themselves as something they are not. Some of them might even have the trust of many of the sheeple here.