David Pescod Late EditionDavid Pescod Stocktalk, Late Edition,December 2, 2011
The president of HUD (James Tuer) tells us that HUD should shortly have out a preliminary economic assessment based on drilling results of last year.
HUD had Neodymium which is key in the making of magnets. And that these days it is going for over $200 a kilo and it looks like the magnet market continues to grow rather well.
HUD goes back to work in April and had $13 million in the bank.