Molycorp and the Minions

RareMetalBlog ^ | Sept. 28, 2010 | Mickey Fulp

[headsonpikes]

"....These are the few contenders among the many pretenders that I personally consider to have real stories in REE space:

•Avalon Rare Metals (AVL.T) •Dacha Strategic Metals (DSM.V) •Hudson Resources (HUD.V) •Great Western Minerals (GWG.V) •Matamec Exploration (MAT.V) •Medallion Resources (MDL.V) •Molycorp (MCP.NYSE) •Neo-Material Technologies (NEM.T) •Quest Rare Minerals (QRM.V) •Rare Element Resources (REE.AMEX) •Rare Earth Metals (RA.V) •Stans Energy (RUU.V) •Tasman Metals (TSM.V) •UCore Uranium (UCU.V)

What I have noticed over the past month is when MCP goes green on my screen, the “Cream of the Crop” (AVL, QRM, REE, and TSM) is mean and green, too. The same goes for metal powders and alloy producer NEM. These stocks are shown in bold above. When Molycorp has a bad day (e.g., today), there are big red stop signs beside my four exploration faves and NEM.

And over the past two or three sessions, the eight penny scrappers in this REE prospect basket (all those that trade less than $1.00 in the list above) have all done nearly the same thing as Miss Moly.

I can therefore opine: Molycorp and the Minions is one really tight band.

Please note that I am a shareholder of Avalon, Quest, Rare Element, Tasman, and Medallion. The first four are paying sponsors my website which makes me extremely biased.

[headsonpikes]

Recently, China's dominance in the REE space has become an issue. Molycorp is putting former producer Mountain Pass back into production. According to my geo pals, there are only a handful of potential producing deposits in North America.

Medallion (MDL.V) has better than tripled since I touted it here in post #21 a year ago:

http://www.freerepublic.com/focus/f-news/2347592/posts

This investment space looks to be of strategic importance

Besides RareMetalBlog, check out John Kaiser's excellent reference site:

http://www.kaiserbottomfish.com/s/Education.asp?ReportID=362761

[Ernest_at_the_Beach]

Saw on CNBC this week that there is going to be an ETF started for following Strategic metals which also covers rare earth miners.

[headsonpikes]

That would be REMX - trading now.

My MDL doubled again through mid-October so I sold.

I bot MAT.V as my new rare earth spec.

DYODD