NAV should be up ~14 centsbased on the latest international prices from Asianmetal. According to my estimate the NAV is 91 cents today and the discount to NAV is now at a new record of 44%. The fundamentals for Terbium and Dysprosium are superb 2011, 2012 and 2013. People still doesn´t get it... so they run to buy Great Western, Avalon and a couple of other "heavy" juniors.
In my world they do not understand that it is 2011-2014 that you want these metals.
Second they do not understand that only ONE of these great large projects can crash these small markets which customers by 2014 will be scrambling for every possible substitution of these by then hyper expensive metals (that Dacha is hopefully selling at that time or slightly earlier).
Third they do not understand the high risk of failure since you get nowhere with just concentrate and must build very advanced "pharmaceutical" plants that need skills not readily available outside China. 44% discount to NAV while these juniors trade sky high is absolutely stupidity.
* Dy Oxide
* 99%min FOB China
* 968.0-970.0
* 250
* 2011-05-23
* FeDy
* 99%min Dy 80% FOB China
* 859.0-960.0
* 80
* 2011-05-23
* Tb Oxide
* 99.9%min FOB China
* 1690-1700
* 400
* 2011-05-23