Hi
@piast, you might be right about our gold tenement and it's prospects. But what could be unfolding in the rare earth space, could push us into the stratosphere soon, read the following and then look at some shares I was following at the time. PEK and NTU went into orbit in early 2011. These stocks had/have good rare earth projects. Just like we are about to acquire, so keep an open mind about the possibilities if these same events play out again, and what it means for RMX if we do indeed hit good grades of HREE in the near future. Those stocks back then went up around 10 fold.
October 30, 2020
China this week announced
unspecified sanctions on US defense contractors Boeing, Lockheed Martin, and Raytheon. The state-run tabloid Global Times, however, tried to fill in the blanks. Quoting unidentified analysts,
it reported that China could restrict the US’s access to rare earths in response to Washington’s latest arms sales to Taiwan, which Beijing claims as its own territory.
If the threat of rare earths restrictions materializes, it would have echoes of 2010, when China
slashed rare earth exports worldwide and entirely
cut Japan offin an effort to pressure Tokyo to release a detained Chinese fishing trawler captain. The export restrictions caused a whiplash in global rare earths prices, which skyrocketed as people panicked and stockpiled inventories, only for prices to plunge when
the speculative bubble popped.
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