Replies to post #33158 on Value Microcaps Junior Miners

[BottomBounce]

Uranium $UURAF
"Ucore Rare Metals Inc. is the company I've followed the closest [in the REE space]. Its key play is on Prince of Wales Island, in a mining district just offshore of Ketchikan, Alaska. It's on top of an old uranium mine that once produced some of the richest uranium ore ever mined in the United States. The same mineralization that put that uranium in the ground also produced veins filled with REE mineralogy. There are dozens of different minerals that have to be crushed out of the ore and separated, many of which require their own special chemistry. Ucore has done tremendous back-office work in the laboratory to make this all work. It is addressing the chemistry, metallurgy, crystallography, grain size and other things that end users are looking for, all the way down the food chain. Ucore has a pipeline of news coming out this summer, from what I've heard, and I expect great things over the next 12 to 18 months. Another strong economic factor in Ucore's favor is that the State of Alaska wants to move away from being such an oil-based economy. So the government of Alaska is issuing bonds to fund $145M of the capital expense Ucore needs to build its project. That took a lot of due diligence on the part of the state government, in a place that knows how to investigate mining projects. That is a ringing endorsement of Ucore."

http://www.wallstreet-online.de/diskussion/1152491-1201-1210/ucore-hebt-ab

[Lone Clone]

Alas, the party of Nelson Mandela has become so corrupt and poorly run under the likes of Zuma that there is little chance of them being reelected, so as an investor I am looking forward to the next election.

My only exposure to RSA is what has become a rather large holding of IVN thanks to the share price going, well, bananas, but the RSA probably has lower country risk than the DRC where the majority of IVNs properties are located.

LC

[kozuh]

a la Rhodesia (eom)

[bbotcs]

CPTMatt: Something to consider about gold:

Should the price of gold double or triple, it is not crazy to think that the Government of Mexico would nationalize gold mines there. It is not crazy to think that many third-world countries would do the same thing.

So if anyone here would like to see gold go to, say, $3,000 an ounce, be careful what U wish for!

Here is what made me think this. A family friend used to go to a nice resort in Mexico every year. We are talking 1950's, 1960's. It ended when the government took over the property.