Altona Rare Earths Share Discussion Threads

[katie priceless] 02/1/2011 09:35

ok thanks Keya

[keya5000] 02/1/2011 09:31

Katie, TSTR is not a REE, whilst Antimony is an expensive metal is it not in the REE table.

However if they prove the Goynuk mine to be commercial and there is associated other metals i.e. gold/silver there also I expect TSTR will do very well.

REM needs to get some meat on its bones, I feel it may progress further but at between 1-2p without any firm information it is a pure gamble and nothing else.

[katie priceless] 02/1/2011 09:20

Target & all

What's your view on TSTR which i have a holding and REM which i don't .

Cheer's all

[wdurham] 31/12/2010 17:44

Cheers, Bill - I agree with the rest! A happy new year to you to, and may all our little investments become Great (Western) ones!

[targetrighton] 31/12/2010 17:38

Hey, Guys & Gals, thanks for the accolades, but I should be labeled a FORUM HOG.
I am no expert, but I must admit I have been aware of the Rare Earth Sector since the late 1990's and have kept increasing my knowledge since and have passed on to you folks what ever I uncover so that you can make an informed and knowledgeable investment decision. In my honest opinion, this sector is only beginning and from some of the projections I have seen by Sony and other electronics and high technology manufacturing we have seen nothing. These manufacturers are projecting 20% annual growth which is out of this world. Should we believe them. I say yes as our diet for new gadgets seems to never end. They see a market and are surely capitalizing on it. Where is the raw material for these gadgets coming from and who will be in the supply chain. We as investors must do our due diligence and try to also capitalize on the hunger for the coming high tech future. No piece of advice or information is too big or too small.
TO ALL YOU GOOD FOLK - A HAPPY AND PROSPEROUS NEW YEAR.

[jimbo55] 31/12/2010 15:49

Yes, thanks indeed Target. Hope you have a great New Year.

[nathaniel1913] 31/12/2010 12:20

TT. YOU are without doubt the brightest star on this board and the clear expert on this topic. Thank you very much for all your hard work.

[rrr] 31/12/2010 10:57

Target, although this thread bears my name you should, without a doubt, receive the "Contributor of the Year Award" for 2010. Many thanks from me, and I'm sure from many others.

It looks like being an exciting year ahead for REEs.

rrr

[targetrighton] 31/12/2010 00:31

RARE EARTH OXIDES EXPORT QUOTA ALLOCATIONS
How The H1-2011 Rare-Earth Export Quotas Were Allocated

by Gareth Hatch on December 30, 2010

in China,News Analysis,Rare Earths


On December 28, 2010 the Chinese Ministry of Commerce announced the allocation of rare-earth export quotas to individual companies operating in China, for the first half of 2011. Including a provisional allocation of a small export quota likely to be awarded in March 2011, the total allocation for H1-2011 is 14,508 t of rare-earth materials. As previously mentioned at TMR, there was some initial confusion in the subsequent press reports on the numbers associated with the announcement – or more specifically comparisons with H1-2011 figures.

The individual allocations of quotas are listed in the table below, divided into lists for Chinese- and foreign-owned companies. The two lists are sorted from highest-to-lowest allocation. It can be seen that the rare-earth enterprises operated by Rhodia (Baotou Rhodia Rare Earth Company and Liyang Rhodia Rare Earth New Materials Company) and Neo Material Technologies (Zibo Jiahua Advanced Material Resources Company and Jiangyin Jiahua Advanced Material Resources Company) received between them the majority of quota allocations for foreign-owned companies, operating in China.

The original announcement was published on the Ministry's Web site, in the Chinese language (naturally). Associated English language versions, picked up and reported on by the mainstream media, neglected to include some interesting details on how the allocations were made to the individual companies.

Allocation of rare-earth export quotas to individual companies in China, for H1-2011.
Source: Chinese Ministry of Commerce Exporting Company: Chinese-Owned Allocation (tonnes)
Baotou Huamei Rare Earth Hi-Tech Company 954
Inner Mongolia Baogang Hefa Rare Earth Company 750
Leshan Shenghe Rare Earth Technology Company 750
China Minmetals Corporation 747
Inner Mongolia Baotou Steel Rare Earth Hi-Tech Company 740
Shandong Pengyu Industrial Company 709
Gansu Rare Earth New Materials Company 689
Yiyang Hongyuan Rare Earth Company 594
Sinosteel Corporation 584
China Nonferrous Import-Export Company Jiangsu Branch 493
Jiangxi Golden Century Advanced Materials Company 432
Guangdong Rising Nonferrous Metals Group Company 431
Xuzhou Jinshi Pengyuan Rare Earth Materials Company 410
Jiangxi South Rare Earths Hi-Tech Company 401
Ganzhou Chenguang Rare Earth New Materials Company 374
Grirem Advanced Materials Company 333
Ganzhou Qiandong Rare Earth Group Company 329
Funing Rare Earth Industry Company 327
Jiangsu Geo Quin Nano Rare Earth Company 251
Changshu Shengchang Rare Earth Smelting Company 196
Guangdong Zhujiang Rare Earth Company 166
Ganxian Hongjin Rare Earth Company 102
Exporting Company: Foreign-Owned Allocation (tonnes)
Baotou Rhodia Rare Earth Company 867
Zibo Jiahua Advanced Material Resources Company 805
Jiangyin Jiahua Advanced Material Resources Company 481
Yixing Xinwei Leeshing Rare Earth Company 440
Liyang Rhodia Rare Earth New Materials Company 324
Huhhot Rongxin New Metal Smelting Company 296
Baotou Tianjiao Seimi Rare Earth Polishing Powder Company 251
Baotou Santoku Battery Materials Company 127
Baotou Huaxin Smelting Company 93
Pingyuan Sanxie Rare Earth Smelting Company* 62
Sub-Total: Chinese-Owned 10,762
Sub-Total: Foreign-Owned 3,746
Total for H1-2011 14,508

* The quota allocated to Pingyuan Sanxie Rare Earth Smelting Company is provisional, and will only be allocated once its infrastructure improvements have been inspected and approved by a local regulatory agency in March 2011.

The detailed breakdown of quota allocations published by the Ministry includes a formula that was apparently used to allocate quotas to individual companies. In a nutshell, this formula takes the overall export quota value of 14,508 t and divides it between the various companies on the basis of three factors, each with their own specific weighting:

* The tonnage of rare-earth materials exported by each company in the prior three years, as a proportion of the total exports in that period (X) ;
* The value of rare-earth materials exported by each company in the prior three years, as a proportion of the total value (Y);
* The tonnage of rare-earth materials exported by each company in 2009, as a proportion of the total exports in that year (Z);

The heaviest weighting was given to the first factor above. The specific formula published was as follows:

Individual H1-2011 quota = (total quota) * ((0.85 * (A1 + A2)) + (0.15 * A3))

where A1 = 0.9 * X, A2 = 0.1 * Y and A3 = Z

This is a similar formula to that used in at least the last few years, although the weightings applied to each factor have changed over time.

If we do a little further mathematics here, we can see that

Individual H1-2011 quota = (total quota) * ((0.77 * X) + (0.09 * Y) + (0.15 * Z))

We can compare the weightings applied to each factor for H1-2011, with those used by the Ministry for H1-2010, which equated to

Individual H1-2010 quota = (total quota) * ((0.70 * X) + (0.08 * Y) + (0.22 * Z))

with Z in this case referring to tonnage shipped in 2008.

We should note that the allocations are dominated by the previous shipments made by specific companies, which in years prior to 2010, did not always match the quota allocated. The formula was thus designed to partially re-allocate future quotas to companies that were making good use of them in prior periods. 2010 presents an obvious hiccup in this approach, given the likelihood that most if not all companies will have met or even exceeded the quotas allocated to them.

Still, the formula used remains largely the same as in prior years, albeit with slight adjustments to the factor weightings.

(A big "thank you" to my friend and former colleague Chun Li, for his assistance in interpreting parts of the Chinese Ministry of Commerce's Web site).

[targetrighton] 30/12/2010 16:16

For those interested I have published a detailed valuation of GWMG in Seven Stages of development and it is viewable at Click on "GWMG VALUATION"

[speedy] 30/12/2010 11:24

Re Hoidas Lake - PEAR - still to be completed and published. Hmmm ...

[speedy] 30/12/2010 11:18

TT - re lack of expertise/refining and processing at GGG - China has already shown interest in overseas
investment at Lynas. Australia said no to that. China could be a good fit with Greenland/GGG though
their track record suggests they would want the project progressed before showing their hand.

I do not currently hold GGG BTW, just speculating.

[jimbo55] 30/12/2010 00:11

Mackason, the only one of the three you mention that I'd suggest to others (and I already hold) is FTE. However, I hold it primarily for the Uranium prospects. The recent Rare Earths discovery was/is an added bonus.

With respect to THR, I took a look at them a couple of months ago and they were low on cash (a figure of £1 million comes to mind, but I could be out of date now) and have no defined resource. They are going to need to raise some serious cash to finance drilling, and that means a lot of dilution; particularly with the low market cap I saw at the time.

I've never looked into REM, but I tend to avoid companies with which David Lenigas is involved. Until REM find, or invest in somebody else who has found, a rare earths deposit, all they are is a cash shell (with how much cash?).

[keya5000] 29/12/2010 20:25

Avalon Rare Metals going well in Canada +40%.

The Canadians seem to have got a liking for their miners again.

Numerous Canadian rare, precious and base metal miners flying at present, could be a good opportunity to build a position over there at the moment.

[mackason] 29/12/2010 20:11

Three REE's worth looking at are THR, FTE and REM.

Horneblower is a holder of THR and has a chart going to 10p+ there, Lots of info on the THR thread as to why its very attractive.

FTE is one that is well under the radar and yet to make its move, No hot money there although its been rising slowly the last week on two cracking RNS's on there REE assets.

REM a recent RTO with David Lenigas and Bruce Rowan on board. Watch this space for deals.

Everyone needs some REE exposure next year as suppky tightens and as we speak NYSE is buying up REE companies today like mad. Look at Molycorp!

[targetrighton] 29/12/2010 16:29

Where is the BIG MONEY made. It sure is not in the mining, it is in the value added segment. GGG does not currently have that capability whereas several other ventures do. The reserves may be there but that accounts for only a fraction of what could be made with value added facilities.

[speedy] 29/12/2010 14:07

Looking at recent price action, and the timing of the announcements, I cannot help feeling that the
Chinese Government and their cronies might have attempted to maximise profits somewhere.

Noted also from the announcements that mines may have been closed and production cut back. That
would be consistent with earlier Chinese PR. IMHO there is potentially significant impact still to come.
China is pondering when to begin importing REE's - that's big - Huge - though just IMHO.

WRT GGG - if this is politically unable to produce then where will the REE's come from? There are lots of
potential mineable deposits, but AFAICS nothing on the scale or quality of GGG ?

[targetrighton] 29/12/2010 13:16

Dec 29, 2010 07:00 ET
Great Western Minerals Group Grants Options

SASKATOON, SASKATCHEWAN--(Marketwire - Dec. 29, 2010) - Great Western Minerals Group ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMFG) reports that, subject to regulatory approval, it has granted, as at December 23, 2010, to officers, directors, consultants and employees an aggregate of 5,000,000 options to acquire common shares of the Company. The options are exercisable into common shares of Great Western Minerals Group Ltd. at a price of $0.50 per share for a period of five years from the date of grant. This option program was approved by shareholders at the Company's annual general meeting held on August 11, 2010.

Jim Engdahl
President and CEO

[targetrighton] 28/12/2010 16:48

Speedy, in your Post #635 you asked for a link to my comment. This is what you may want

This also taken from the Feb. 25, 2008 News Release
Phase 2 Metallurgy: Lakefield Research continues with Phase 2 metallurgical testing of the Hoidas Lake mineralization to develop the most cost-effective method for enhancing grades and minimizing costs in the processing and refining of the rare earth samples. Initial results, using state-of-the-art optical sorting technology, combined with a finer ore grind and a weaker acid-leach, have been very positive. Optical sorting results have indicated that 40% of the rock can be rejected before milling. This could significantly reduce the cost of transportation, reagents and energy required for processing. If the results of the additional tests confirm the initial investigation, the PEAR will be updated to reflect the process changes.

[bangor] 28/12/2010 16:37

Molycorp up too - about 20% so far in the 2 days. Can't wait to see how the other REE's respond when the Canadian markets open.

[goldrush] 28/12/2010 16:36

TARGET

Again many thanks for all the recent info.

Certainly going to be an interesting day on TSX for GWMG tomorrow.

[targetrighton] 28/12/2010 16:28

My $0.56 projection is not too far off for 2011. GWMGF now trading at .55 on the OTC US Exchange