Hot Prefered Companies To Watch For 2015: Rare Element Resources Ltd (REE)
Rare Element Resources Ltd. (Rare Element) is engaged in the acquisition, exploration and development of mineral properties. The Company's principal property is the Bear Lodge Property located in northeastern Wyoming, United States of America. The Bear Lodge Property consists of two projects: Bear Lodge Rare Earth Element Project (Bear Lodge REE Project) and the Sundance Gold Project. The Bear Lodge REE Project consists of the Bull Hill mine deposit, the Whitetail Ridge resource area, and the East Taylor and Carbon exploration targets. The Company holds interest in the Bear Lodge Property through its wholly-owned subsidiary, Rare Element Resources, Inc. Advisors' Opinion:- [By Doug Ehrman]
The broader comments are a boon for the industry, explaining why competitors like Avalon Rare Metals (NYSEMKT: AVL ) traded up nearly 10% and Rare Earth Elements (NYSEMKT: REE ) surged over 12% on the news. If industrial demand for rare-earth elements is stabilizing and beginning to build, then all three of these companies will benefit. High inventories in the hands of customers have been a major drag on prices for an extended period, and If this trend is reversing, Molycorp should see continuing strength in the later part of the year.
- [By Travis Hoium]
Not the time to bet on rare-earth materials
There's no question that the rare-earth mineral space has peaked, and that it has a lot of questions to surmount. Despite Wall Street's euphoria over the stock, I'd be cautious about Molycorp and would definitely stay away from speculative rare-earth plays Rare Element Resources (NYSEMKT: REE ) and Avalon Rare Metals (NYSEMKT: AVL ) , who don't even have the revenue Molycorp is generating.
source from Top Stocks For 2015:http://www.topstocksblog.com/hot-prefered-companies-to-watch-for-2015.html
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