Stock price when the opinion was issued
(A Top Pick Feb 3/12. Down 46.72%.) The whole rare earth industry has gone through a significant haircut. He sold it in May at about a 29% loss. Thinks this is one of 3 companies that will be the very first to go into production. By the end of March 2013 he thinks you’ll see insights as to the success and the start of construction with the processing.
Rare earth mine in South Africa. International mines require a lot of money and political gesturing to get them up and running. The big question has been financing and when they are going to get it. In this environment, he doesn’t think it looks very good right now and needs a broad rally in the Junior resource sector. Have a good asset and they are not blowing away their cash.