Looking at a one year chart, it hit a high of 8.50 last Aug 17, which is about the time all REE stocks went up an unreason- able amount due to the scare that the Chinese were going to cut back on the quota that they were going to allow out of their country. Since China produces 95% of the REE metals in the world, when they threaten to restrict the supply the market (share) price goes up for all REE stocks, whether the miner is just in the exploration phase (this one) 1-2 yrs away from producing ore AVL, QRM, or actually producing and refining metal oxides, such as Molycorp, Inc. China watchers have again been receiving signals that the REE supply will be cut. This company is playing that fear up to improve their stock price, IMO. http://www.raremetalblog.com/.services/blog/6a0120a6002285970c0120a6002510970c/search?filter.q=UREE They are certainly correct in guessing what the Chinese are up to. Whether that has any real value as to the worth of USRE is doubtful. If the stock is going to be promoted, this might be an entry point. I personally own companies much closer to the revenue producing stage, but then I'm old :-)