UNB is still very affordablehttps://www.allpennystocks.com/aps_ca/special_reports/archives/080807.asp
Exploring the World of Rare Earth Metals
By Glenn Wilkins
August 8, 2007 (AllPennyStocks.com Media Inc.) – More common metals such as gold, silver, iron, zinc, lead and copper are well-documented in financial pages such as this, and for good reason. But let’s focus for a moment or so on the lesser-known rare earth metals, those materials with many applications in our daily lives, investing in whose makers can boost the portfolios of those with an eye for value.
Molybdenum is a transition metal that does not react with oxygen or water at room temperature. The ability of molybdenum to withstand extreme temperatures without significantly expanding or softening make it useful in applications that involve intense heat, such as aircraft parts, electrical contacts, industrial motors, and filaments.
One company hard at finding and developing molybdenum is British Columbia-based United Bolero Development Corp. (TSX Venture: UNB), which trades on the TSX Venture under the symbol UNB. Besides its mining enterprises, United had also been busy in the oil patch, but scaled back those activities by the end of 2005, to focus almost exclusively on being a junior mineral exploration company.
UNB currently has options to purchase 100% interests in two properties in southwestern Montana. One of them, the Bald Butte property, has 22 patented claims comprising about 350 acres. Mining there began in June of this year. The deposit at Bald Butte shows an inferred resource of 105 million tons at a high grade of molybdenum.
Another property, elsewhere in the state, has been subject to previous explorations by other companies that have proven rich in molybdenite property.
The burgeoning market for molybdenum should be good news for those looking to snap up potentially strong stocks at low prices. UNB fortunes tailed off a bit from its 52-week peak over the 90-cent Canadian mark during May. At the beginning of August, the stock sat around 60 cents. While out of its 20-cent gully from this time last year, UNB is still very affordable.
Rare earth metals such as lithium are in higher demand, due to the exploding market for hybrid cars. Neodynium is also enjoying a surge for its place in the hybrid car market. Lithium ion is a key component in rechargeable batteries while neodymium is used to make the super magnets integral to hybrid and electric car technology.