Kaiser downgrades UcoreIm not gonna post it all but here's part of it and the main point.
I would rethink my current low key perception of Ucore's upside. But until that happens speculators should treat Bokan as a small scale rare earth project whose narrow dyke system, low grade,and limited throughput potential are limiting factors before we evenknow which rare earths are recoverable, to what extent, and at what cost.
Ucore's stock will attract momentum traders during the next six monthsifthe junior rare earth sector redevelops a strong uptrend, but Ucoreisnot the best advance speculation vehicle for this scenario,especiallysince there is a significant overhang of warrants exercisable in the .10 cent range, and in October 2010 a private placement of 18,181,181 units at
.22 will come free trading. I am downgrading Ucore to Low Priority Buy.