HOT TOPIC: Is REE exploration all hype? (February 17, 2010)

Much has been written in recent weeks about the hunt for rare earth elements (REE). They are billed as everyth...

Much has been written in recent weeks about the hunt for rare earth elements (REE). They are billed as everything from being the saviour of the technological world to representing a sure-fire opportunity to get rich. Most of today's discoveries will not be mined, but investors are flocking to REE exploration plays. CMJ readers know how long it takes to develop a new producer, and merely writing about exploration success won't speed the process.

So this week's question is: Are REE projects the "next big thing" or is all the recent media attention merely promotional hype?

Go to the CMJ website, www.CanadianMiningJournal.com, and click on the Hot Topic half-way down on the left hand side of the page to vote.

If you have a comment on this topic or a suggestion for a future question, please send it to the Net News editor, Marilyn Scales, MScales@CanadianMiningJournal.com.

Last week: Our readers have been mulling the question of whether or not the Kidd copper smelter and zinc refinery could be profitably operated by a new owner should Xstrata ever be required to divest these assets. Yes, they can be profitable, say 40% of respondents; no, say 36%; and 24% are waffling at "maybe".

If any reader would like to make a quick business case for or against independent operation of these metallurgical plants, please pass it along, and CMJ will share it.

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