"The pickings in London are rarer than the minerals themselves. Just a few are kicking around the dirt for rare earths.
One of them is ?43m AIM-quoted Red Rock Resources. It's got gold interests in Africa and iron ore projects in Australia, but investor attention has shifted to its 26% stake in Australia's Resource Star. Their Machinga license in Malawi has proved to have strong niobium and rare earths over at least 7km of strike.
A note from Edison Investment Research last month suggesting the company could be worth more than 20p a share caused its value to triple."
"ShareCast News have written about RRR and our associate company Resource Star in their article, "Battle for 'rare earth' begins". http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=3791274&;ArticleHeadline=Battle_for_rare_earth_begins "
Full article:
http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=3791274&;ArticleHeadline=Battle_for_rare_earth_begins
Cheers,
Tangrams
battle for rare earths begins ...article
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