Friday, September 25, 2009

Do You Have Rare Earth In Your Holdings?

It’s time for the Cambridge House Conference in Toronto
this coming weekend hosted by Joe Martin, the perfect host
and as usual, there is a long list of exhibitors and speakers.

We don’t mean to be blunt or nasty, but some of those long
list of speakers have been suggesting over the last many
months that the market was going to crash and to stay out
of it and had you listened to them, you might not have
made any of the money in the bounce back in the markets
of late. But then a more polite person would have said
those two or three people should be listened to just to hear
the other view.

We suggest you listen to some of the people that have
made you a lot of money in the last while, had you been a
subscriber or a listener to some of their views. Those peo-
ple have names like Jim Letourneau of the Big Picture
Speculator; John Kaiser of the Bottom Fishing Report and
one of the few people that know what the heck rare earths
are about; David and Eric Coffin of the Hard Rock Analyst
who have come up with some big winners and are admit-
tedly bullish on the gold market, but whose East Asia Miner-
als is now a five and six-bagger.

Our checklist for companies you have to visit include:
⇒ Avalon Rare Metals: One of the big rare earth stories and
one of the big success stories over the last while and
the question to be asked at the booth is; “just how big
their resource might be and how long one thinks the
rare earth phenomena can extend?”

⇒ East Asia Minerals: Has been one of the huge success
stories over the last while and one has to ask, “how
come the Coffin’s like it so much?” Just what kind of
resource estimate is it that they are talking about as
potential in Sumatra.

⇒ Hathor Exploration: This is one of the exploration plays
those in the mining sector all talk about, but it’s also in
a sector—uranium—that has been in the tank over the
last several months. When things change as I think
they will, one wants to be asking these guys in the
booth, how big they think their resource is and how big
a program they plan for this winter which will be impor-
tant. If Tony Nunziata is manning the booth, just whis-
per in his ear, “how big do you think it is Tony?”

⇒ Riverstone Resources: Is one you would have to call a
“cheapie with a chance” and after delay after delay
after delay, they are finally starting drilling in the next
few weeks on their project in Karma that the Coffin’s
have hopes to see rather significant success.
Rodinia Minerals: I’m quite sure the average person
doesn’t know much about lithium, so if Don Mosher
is in the booth, ask this ex-hockey player “what the
heck lithium is all about and what is the big differ-
ence between brine and all those hard rock sources
of lithium?” This should be one of your “must-see”
booths.

⇒ San Gold Corp: This is one of the success stories
over the last while as gold has recovered nicely and
their project in Manitoba, many think is an extension
of the huge gold discoveries of Red Lake. The
question to ask someone in the booth is “Just how
big the resource is at this time?”

⇒ Ucore Uranium: Soon to be called Rare Earth One
might have Jim McKenzie in the booth or someone
close to him and the question of course to ask them
is an important one…“Just how big do they think
their rare earth resource is at this time and just how
does the USGS come up with those numbers given
the little drilling to date?” Having said that, if the
rare earth mania continues, they are one of only a
handful of obvious plays.
As far as asking some of the speakers some ques-
tions of those that have been winners over the last while
go to:

⇒ Jim Letourneau: Letourneau has had some huge
winners of late, one of the first to mention rare
earths and winners like Medicago Inc. (MDG) and a
long list of others. The story of the day as far as we
are concerned is Wavefront Technology (WEE) who
just may have an advancement in oil and gas recov-
ery that could revolutionize the oil and gas busi-
ness. The question is obvious…“Just how big
could this be and what possibly could go wrong?”
Jim Letourneau’s two favorite picks other than
Wavefront are Energold Drilling (EGD) as gold and
mineral explorers ramp up around the world, and
Matamec Explorations (MAT). You might ask Jim
about Matamec, a cheapie in the rare earth sector.

⇒ John Kaiser: Is one of the very few people out there
who understands rare earth and has been talking
about it for a long time. Just how serious John are
you about the mania you suggest over the next six
months and what is it that could keep things going
and what are your favorites? The other question...just
how high a target does he have for Brett Resources
(BBR)...

Really? Today on BNN, Kaiser moves Pere-
grine dramatically!

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