RE: Once in a lifetime opportunity?I would add that the M&A action on GWG adds a new dimension to the optimism. Especially since private equity is now getting involved. Perhaps rare earths are in the early stages of being seen as a strategic resource investment, kind of like uranium in the bull days...(see GWG press release below)
Molycorp Minerals, LLC ("Molycorp") and Great Western Minerals Group Ltd. ("GWMG") (TSX VENTURE:GWG) (PINK SHEETS:GWMGF) (are pleased to announce that they have entered into a non-binding letter of intent (the "Letter of Intent") wherein Molycorp would acquire a controlling interest in GMWG pursuant to a share issuance, merger, amalgamation, or other form of business combination (the "Proposed Transaction").
Molycorp is a Delaware limited liability company with headquarters in Greenwood Village, Colorado, and is a private, US mining and technology company that produces and markets rare earth products. Molycorp is primarily owned by Resource Capital Fund IV L.P., Pegasus Partners IV, LP, The Goldman Sachs Group, Inc. and Traxys North America LLC.