Brien Lundin, in the March, 2012, edition of the Gold Newsletter, says buy Rare Element Resources Ltd., recently $5.75. Mr. Lundin said buy five times between January, 2006, and April, 2009, at prices ranging from 43 cents to $1.09. He said take some profits -- perhaps sell half -- in April, 2010, at $3.45. Assuming a $1,000 investment for each buy, selling half of the $5,000 position at $3.45 yielded a $10,319 profit. Mr. Lundin said buy again in May, 2010, at $3.23 and in April, 2011, at $12.89. Assuming a $1,000 investment for each of the two new buys and taking into account the $2,500 investment left after the half sale, the $4,500 position is now worth $23,598. Rare Element has released a prefeasibility study for the Bull Hill mine on its Bear Lodge project (Wyoming). Bull Hill has a net present value of $1.7-billion in the nominal case and $4-billion in the maximum case. Mr. Lundin notes the nominal NPV is about seven times the company's market cap of $257-million. The editor says the PFS impressed but did not overwhelm investors. To the underwhelmed, he says China may not remain a major supplier of rare earth elements, and North America, particularly Rare Element Resources, may become one.