Heading to the Vancouver Resources Investment Conference in 1 hr, I look forward to moderating a panel Sunday at 9:00 am with Thom Calandra, Lawrence Roulston, and Eric Coffin. The Conference runs for the two days between January 22 and 23 and I look forward to hanging out with David Morgan and discussing our mutual interests in CurrencyCountdown.com, the investors’ guide to economic survival.
Yesterday was an exciting day for the rare earths market that saw
several stocks prices surge. Montero (TSXV:MON) shares rose 7.14% on
news that its Tumbili Target project is host to a wider zone of rare
earth bearing bastnaesite mineralization and on the news that these
results had the potential to add “significant tonnage to the existing
resource.” The trend is continuing today and midday trading results
show Globe Metals & Mining (ASX: GBE) shares up by 6.9%; Stans
Energy Corp. (CVE: HRE) shares are up 8.42%; and Lynas Corp (ASX: LYC)
shares are up 11.30%.
Elissa Resouces Inc. (CVE: ELI) shares are
up 4.44%. Earlier this month, ELI announced that drilling had commenced
on its Thor heavy and light rare earth element project in Nevada. Paul
McKenzie, President and CEO of ELI stated that the Thor project has
“surface representations of nine heavy and five light rare earth
elements, which correspond with strong magnetic anomalies defined by
both airborne and ground geophysics.”
IBC Advanced Alloys Corp. shares are up 3.33%, a positive sign given
the global market uncertainty that affected the share price during the
latter part of 2011. IBC President & CEO Anthony Dutton states that
IBC’s fundamentals “have never been stronger…revenues are up by 75% over
two years…gross profit is up over 80% [and] very high profile business
initiatives are under way.” He remains optimistic that 2012 will be a
stronger year for the company.
*Note to self – visit these booths at the Vancouver Resources Investment Conference:
- Avalon Rare Metals Inc. – Booth #706
- Elissa Resources Inc. – Booth #1933
- IBC Advanced Alloys Corp. – Booth #1314
- Montero Mining and Exploration Ltd. – Booth #1139
- Stans Energy Corp. – Booth #1411
The figures presented in this post were obtained from Yahoo Finance between the hours of 2pm and 4pm on January 19, 2012 and 10am and 12pm on January 20, 2012. (Eastern Time)
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