buyers take control, page-14

Another pump today from Shaws with a new research report that states similar to last report.

"A lower share price in the last week following an amazing maiden JORC-compliant resource of 170M tonnes at 2.24% Rare Earth Oxide (REO) with a high grade zone of 40M tonnes @ 4.07%, REO gives us a great opportunity to re-look at the outstanding global comparisons of PEK to its global rare earth peers. On every count PEK 100% owned Ngualla project is a winner:

· Fourth highest rare earth volume in the world with capacity to add another 50% through further of drilling in 2012

· Highest grade of the top 6 rare earth deposits globally at 2.24%

· Lowest thorium level of any of the top 17 global rare earth companies at 35ppm

Lowest Market capitalisation per tonne of contained rare earth of any international rare earth company at US$30/tonne versus Avalon at US$63/tonne, Arafura US$143/tonne, Lynas at US$979/tonne and Molycorp at US$994/tonne, and finally Initial metallurgical test-work has already shown outstanding recovery of REO from lab testing (88%)"

Maybe investors are finally listening.

45 cents (Zari price) and 48 cents (Roth price)will be the big test. A close above 48 cents would be very positive imo.