RE:RE:RE:RE:RE:RE:RE:Alces LakeREE's have been interesting over the last few years. The main problem I see (and why the stocks in North America do not seem to respond well) is that China produces most of them and does it very cheaply.....largely (I think) because they pay little attention to the terrible environmental damage extracting then produces. So they can undercut any operation in North America by miles.
That said...if President Trump places tariffs on ALL Chinese imports...and I think that is highly likely....then all of a sudden REE's get more expensive. What is worse is that the Chinses KNOW these REE's are indespensible for US defence systems aswell as many current and future high tech devices so they may well just turn off the supply completely. That will leave many companies scrambling to find suppliers. Should that scenario pan out then the value of Alces Lake will increase. It may or it may not but the timing looks about right for the issue of their resource estimates in fall winter 2018.
My thinking here is that the crunch time for REE's may well coincide with a ramp up of U price this fall although I expect the latter to occur in late 2020 so they may not ex actly coincide.
That of course means a large potential upside for Appia based on TWO commodity bulls running concurrently.
If anyone cal pull that off James Sykes can..
The technical presentation on the Appia website is very very interesting. This deposit contains alot of minerals...Thorium, Uranium, REE's, Critical REE's and phosphates (fertilizer material. At a price of 20c...to me that is a gift...especially as they also own Elliott Lake which would not take to long to restore back to its former glory as a source of Uranium in Ontario.
Quite bullish on this stock for many reasons. Not a pure play Uranium explorer like Nexgen or FCU but has some really nice added features to it....REE's and critical REE's being just one.
Great investing all.
Malcolm