Okay, so rare earth is not so rare. That isn't the point is it? The question becomes where is it the most economical place to mine? The second question should be where is it the safest place to put money? All point to Chile. As the world moves to clean energy, certain countries and companies will scramble to secure this great resource and as use increases by 10 fold, the price will also rise. The market tends to look at future gains. This is the reason why I believe as soon as MACD turns positive, or soon afterwards we will break current channel and definitely test last years highs. If that resistance is broken, then it's blue skies until pennies. I see .01 to .035 possible with the right PR.
PR wishlist:
- share buyback program completed. Float reduced to 1B shares. (this would be awesome)
- letter of intent to JV (even better)
- more land (I can't believe I'm saying this)
- Proven reserves statement
- MMTE $OLD
Any of these would make shareholders extremely happy. Fingers crossed.
