The rate of discovery of vast new mining reserves is slowing and investor interest is now focused on big, strategic deposits. So which companies and mines does Will Smith of City Natural Resource identify as the ones to watch? "The names that stand out are
Extract (Australian Securities Exchange ticker EXT) and
Lynas (LYC) in the uranium and rare earth spaces" he says. Extract has 500m pounds of relatively high-grade uranium in a mining-friendly jurisdiction, open pittable, close to existing mines and infrastructure and a deepwater port.