Longtermlegs,All good copy from you LTL... [as usual...

Longtermlegs,

All good copy from you LTL... [as usual :)

Interesting to reflect on Hallgarten's Jan/2012 report
on Northern Minerals and see how the geography has changed.

Especially the summary...

The Rare Earth space is not full of happy campers these
days.The over simplification of matters in the early
phases of the REE boom has come back to hit most of the
players with the complexities of the business[particularly]
processing] coming back to bite promoters and the investors
that followed them in.

In particular,the Canadian tendency to have companies run
by Geologists who served few well,because they were able
to find deposits [too many ] but were unable to articulate
the process by which very complex mineralizations might be
turned into a viable product for sale.

It is no coincidence that the Australian market produced
around four REE companies,the London and South African
markets produced none and the Canadian market produced
over 200? When one went beyond the easy to find an aspect
of 'Rare' Earths,then one came to a decidedly less easy
aspect of what to do with them.

Size and grade became all.A blizzard of conflicting TREEs,
REEs and HREEs were mixed in with the individual chemical
symbols in an alphabetical soup that ultimately has proven
inedible and unpalatable.

Xenotime, was thus a welcome arrival on the scene and the
fact that only one company had cottoned on to its
attractions helped in blocking out static from the heaving
masses of other REE wannabes.

To mix a metaphor,Molycorp and Lynas will be the massive
textile mills of the REE space churning out cotton
sheeting by the mile,while Northern Minerals,Great Western
and Ucore are the silk weavers with a specialist outcome.

*****

Shouldn't be too much longer before Mr Dines promotes NTU
in his tip sheet :)

HM.