jan-feb 2013 should be good times

I have a feeling that very soon within next few weeks in Jan or Feb sometime that HAastings would have by then signed secured a partner in its proposed $700 million plant development, IMO.

Two representatives earlier this month from China being from Guangdong Rare Earths Group and Guangdong Rare Earths had visited Hastings, I believe one oif the two will be secured a a long-term partner (see recent The Australian article).

Both of these companies have the means to fund the project right up to ECPM stage.

With a present net value of the project estimated to be around $1.9B, serious interest is being shown at the moment and I would presume a signed MOU is just around the corner IMO.

Im thinking Hastings should have funds in the near future to cover cost of Pre-Feasabilty Study, Pilot Plant, Drill Program, Definitive Feasabilty Study and then the building of the actual plant.

I would expect that Hastings would be giving up maybe 10%-20% of the project to the new partner, plus will have a life time customer of the end product, time will tell.

This one is a sleeping giant which should awaken in 2013 and hopefully have a market cap closer to its peers, current market cap of approx $14M is was to low should be closer to $40M-$50M, IMO.

I hold as always DYOR.