where is the support coming from, page-3

outrigger88, article in todays Australian.
Fluorite, Mongolia press rare earth buttons

Black Ridge Mining (BRD) was trading at 0.8 cents this morning after reminding the market that it has a rare earth project in the northern Asian country. Caution is needed: these are very early days, rare earths projects are devilishly difficult to bring on line and - if successful - that will take a very, very long time. (Remember, the Mt Weld mine now coming into production in Western Australia was discovered in 1970. The Dubbo zirconia-rare earth project, now in an advanced stage, has been continually worked on since the mid-1990s.)

The positive thing about BRD's deposit - if it passes the due diligence process now under way - is that early data suggests it has the more valuable heavy rare earths, including yttrium (the latter looking to be in deficit at least until 2016).

BRD's plan - like those of most of the emerging rare earth producers - is to offer an alternative to China, now a source of 97 per cent of the world's rare earths. The junior would use its Mongolian deposit to target customers in the US, Japan, South Korea and India. Japan recently signed a free trade agreement with Mongolia to ensue supplies of minerals including rare earths.