TMR: What are some other companies that have a shot at being in the top six?
PW: Ucore Rare Metals Inc. (UCU:TSX.V; UURAF:OTCQX), Great Western Minerals Group Ltd. (GWG:TSX.V; GWMGF:OTCQX) and Geomega Resources Inc. (GMA:TSX.V; GOMRF:USX), even though it's more of an LREE project. I like the management teams that are resizing their projects. They're looking to bootstrap their mines?to start off smaller and get to cash flow quicker. Companies like Greenland Minerals & Energy Ltd. (GGG:ASX) in Greenland and Arafura Resources Ltd. (ARU:ASX) in Australia have looked at the market environment and realized that the billion-dollar project isn't feasible, so they're looking at smaller projects that can fund future growth. Peak Resources Ltd. (PEK:ASX; PKRLY:OTCQX), in Australia, has low capex
From: http://www.theaureport.com/pub/na/electric-transportation-could-jump-start-rare-earth-markets-patrick-wong
sounds ARU has no hope?
new mine & plant, page-3
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