Quest Rare Minerals Ltd. (fka QRMLF)

[gpf95]

Cashin gave a very intelligent interview. When asked about the preponderence of the juniors that could drive down the price of REE; he stated that the mine would be fully operational by 2016 and he believes China will be an importer of heavy REE by the end of 2015 He also said that QRM is a niche play in the Rare earth market (heavies). When asked about the price at that time; he stated that the feasibility study was based on a 3 year average price and not the current spot price which has risen 7 or 8X the price used in the study. He believes that the only other heavy miner that would matter will not be in production until 2023. He said the financing of the mine will not be an issue as there are several different avenues that are being explored.