RE: RE: mother load of SHORT SQUEEZESI'm focusing on "internal" developments within RES.
We'll have more rare earth results soon as the company is going to carry out its 2010 drilling program until "the snows arrive." If they results are in line with the first batch—the highest TREO grades ever found in Bear Lodge—that could also light a fire under this stock.
I'm also be watching for results on :Whitetail Ridge—a new area that seeing its first drilling. If mineralization is found here, we could be sitting on a greatly enlarge ore body. Bear Lodge IR and NPV are already very robust; a greatly enlarge deposit approaching Mountain Pass in size would really see the vultures swirling overhead.
Another development to watch for is heavy REEs.
If you look at pages 56-57 in Bear Lodge's Technical Report, you learn that "historical drilling" found potentially significant yttrium and heavy rare-earth-elements mineralizationthat occurs in stockwork veinlets and replacement deposits in silicifiedlimestone in the NW ¼ of Section 22.
That too may be subject to some drilling, weather permitting.
And then of course there's gold. It's not too hard too see a 2 million plus compliant ore body here within the next 4 to 6 months. Newmont already punched 50 some holes over the past couple of years and RES currently has two rigs working on site. While this is mostly an in-fill drilling exercise for compliancy, some 20% or the holes will be looking for what Newmont didn't: the source of the gold.
Right now, not one penny is attributed to RES's gold assets. All the recent strong upside is solely for its REE reserves.
So yeah, I too think RES is going higher....much higher as its taken out.