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Spruitenburg

01/25/12 10:37 AM

#750 RE: value1008 #749

Hykawy: Our absolute top pick in the space would be Saskatoon-based Great Western Minerals Group. This is a company that is still overlooked by a large portion of the investors interested in the rare earths space. It is a downstream manufacturer of advanced rare earth alloys, rather than a simple miner. The only reason that the company is reopening a mine in South Africa is because of uncertainty with respect to getting the supply of materials that they need to make magnet alloys. Without being able to reliably get neodymium and dysprosium from the Chinese – an issue that they saw years ago – the least expensive way for GWG to reliably get those materials was to reopen a mine.