This is why I do not care if Scott ever looks for rare earth elements
Comparative Value Metrics For 13 Advanced Rare-Earth Projects
by Gareth Hatch on November 11, 2010
As of the beginning of November 2010, there are 251 individual active rare-earth projects in the TMR database, being run by 165 companies in 24 different countries outside of China. It will be no surprise that these projects are in a wide variety of development stages, ranging from being prospective for rare earths on the basis of a grab sample or two, to full-blown mining operations.
When working with clients to analyze the sector from a strategic point of view, I generally filter this list of projects and focus much of my attention on what I call advanced rare-earth projects – those that meet one or both of the following criteria:
The deposit associated with the rare-earth project has been formally defined as a mineral resource or reserve under the guidelines of a relevant scheme such as NI 43-101 or the JORC code;
The deposit has been subject to past mining campaigns for rare earths, for which reliable historical data is available, even if the data is currently not compliant with a relevant scheme in terms of a resource of reserve definition.
Based on these criteria, at this time the TMR Advanced Rare-Earth Projects Index comprises 13 projects, being run by 12 companies in 6 different countries. These projects, in alphabetical order, are:
Bear Lodge (Bull Hill Zone) - Wyoming, USA : operated by Rare Element Resources Ltd. (TSX.V:RES, AMEX:REE);
Dubbo – New South Wales, Australia : operated by Alkane Resources Ltd. (ASX:ALK, PK:ALKEF);
Hoidas Lake – Saskatchewan, Canada : operated by Great Western Minerals Group Ltd. (TSX.V:GWG, OTCBB:GWMGF);
Kutessay II – Chui, Kyrgyzstan : operated by Stans Energy Corp. (TSX.V:RUU);
Kvanefjeld – Kujalleq, Greenland : operated by Greenland Minerals and Energy Ltd. (ASX:GGG, PK:GDLNF);
Mount Weld – Western Australia, Australia : operated by Lynas Corporation Ltd. (ASX:LYC, PK:LYSCF);
Mountain Pass – California, USA : operated by Molycorp Inc. (NYSE:MCP);
Nechalacho (Thor Lake Basal Zone) – Northwest Territories, Canada : operated by Avalon Rare Metals Inc. (TSX:AVL; OTCQX:AVARF);
Nolans Bore – Northern Territory, Australia : operated by Arafura Resources Ltd. (ASX:ARU, PK:ARAFF);
Steenkampskraal – Western Cape, South Africa : operated by Great Western Minerals Group Ltd. (TSX.V:GWG, OTCBB:GWMGF) in association with Rare Earth Extraction Company ;
Strange Lake (B Zone) – Quebec, Canada : operated by Quest Rare Minerals Ltd. (TSX.V:QRM);
Zandkopsdrift – Northern Cape, South Africa : operated by Frontier Rare Earths Ltd. (TSX:FRO from 11/17/10 onwards);
Zeus (Kipawa) – Quebec, Canada : operated by Matamec Explorations Inc.
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