As some of you know, I have been researching the Rare Earth (RE) plays on the ASX for some time and have posted in some of the relevant threads. The research is done and thank you for the members who threw names/asx codes of RE plays at me to do the research on that I didn't even know existed. All have been put through the forensic examination
Some are shooting to the moon in terms of share price and I am not chasing it, given my success of latching onto flying objects is pathetic ! For the chasers, who might be interested and why this sector is red hot right now, here are some stocks: LYC (big fella on ASX), ASM, ARR, REE, VML, PM8. I also looked at ARU, HAS.
So after all that did I purchase anything ? Yes but none of the above. Yes, YES some are with some substance with a RE deposit already defined and some are more advanced such as ASM which has a operating pilot plant, but the only commercial level RE production company is LYC. Some stocks have already shot to the moon on the hope of one of their drill holes will hit some of these obscure rare substances someday...
But to my surprise I found a highly strategic, nationally significant RE deposit that has already got a pilot plant up and running flying under the radar from the speculator frenzy. Northern Minerals Ltd (NTU) has a very strategic deposit that is rich in the heaviest of the RE metals that carry higher value. It's of National significance that a Chinese firm that tried to get onto the control of the company from the inside was blocked by the Federal Government:
Bit about the company:
This is also at a time when US is desperate to find RE suppliers outside of China as trade war continues...
So a parcel of NTU shares were bought for this portfolio. I will update the portfolio later...
