when the rare earths bubble bursts...

I reckon when the rare earth bubble bursts, LYC, ARU will hold their value. All the other multi-resource stocks that have taken a free ride because one of their exploration permits is for 'rare earths', won't get financing to develop, won't be able to find JV partners, and won't be able to secure offtake agreements, even if they could obtain financing to develop.

I reckon all the wave-rider's share prices will go back to where they were before the rare earth wave commenced. Some of the smaller players who have spent money drilling etc. with success, will see their prices reflect the resource, but those resources will only be of interest to the big players, and will most likely lead to either take-overs outright by the big players or acqusition of the REE tenements.

Just my opinion, hope it's useful for someone/anyone ha ha : )