18:35:03 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Rare Element Resources Ltd
Symbol RES
Shares Issued 47,707,216
Close 2015-04-13 C$ 0.82
Market Cap C$ 39,119,917
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Lundin says keep holding Rare Element Resources

2015-04-13 23:23 ET - In the News

Brien Lundin, in the April, 2015, edition of the Gold Newsletter, says hold Rare Element Resources Ltd., recently 84 cents. Mr. Lundin said buy five times between January, 2006, and April, 2009, at prices ranging from 43 cents to $1.09. He then said take some profits -- perhaps sell half -- in April, 2010, at $3.45. Assuming a $1,000 investment for each of the five buys, selling half of the $5,000 position at $3.45 yielded a $10,319 profit. Mr. Lundin said buy four more times between May, 2010, and October, 2012, at prices ranging from $3.23 to $12.89. Assuming a $1,000 investment for each of the four new buys, and taking into account the $2,500 left after the half sale, the $6,500 position is now worth $3,782. Mr. Lundin says Rare Element has received "overwhelming" support from the Wyoming Legislature for its Bear Lodge REE project. The state government passed a resolution recognizing the importance of the project and the need for the United States Forest Service to complete an environmental impact statement in a timely manner. Although the resolution is not binding the editor notes, it does indicate that the company will not face any regulatory hurdles as it moves Bear Lodge toward production. The stock remains a hold.

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