Just running a compare between AVL and GWG, both show similar patterns, but for the same 5 year period since ’05, AVL is up 1500% and GWG is down 70%. Seems like AVL knows the lay of the land (political and geological) better than GWG.

Is this a fair comparison to make? How does that reflect positive fundamentals for GWG?

Very hard to find much fundamental info on either company, aside from your newsletters and site.

thanks,
Ron

Interesting article I found tonight about China approving stockpiling reserves:

http://business.globaltimes.cn/industries/2010-02/505098.html

Bill

Yes I fully realize that the grab sample is likely unusual, but just the idea of any insitu material being of that grade, is pretty amazing. Like you noted, even 17% with a good metallurgical extraction is a significant advantage.

You didn’t miss a decimal, but I must emphasize. as Gary Billingsley emphasized to me, that you don’t have a WOW until the extent of material at those numbers is determined. It’s encouraging but not decisive. The indicated resource at Steenkampskraal seems to be, from the data I’ve seen, 35,000 mt net TREEs produced from a deposit that averages 17%. Just to put that in perspective you would have to move 1,400,000 tons of rock at 2.5% to get 35,000 tons of TREEs, but at 17% you need “only” to move 200,000 tons. Clearly there is a very significant production cost differential providing the metallurgy can be resolved. If on top of that differential you have much higher value material due to the distribution having significant HREEs then the project becomes optimal in comparison with most others in the world. If Steenkampskraal mis not an anomolous deposit and is more extensive then it could be one of the world’s most valuable REE deposits, because of the speed with which it could be brought to production.

I’m going to follow this story closely. So should you.

Jack

The real technical WOW in this article is the 80%assay/48% TREO on the Grab Samples at GW’s Rareco mine. Isn’t 48% TREO virtually beneficiated concentrate levels for many deposits? Did I miss a decimal somehwere, or am I misinterpreting what I’m reading?

One of the mining media outlest that covered INDABA called me an “apocolyptic soothsayer” after hearing me talk about the global imbalance between rare metal production rates (supply) and growing Asian demand. I liken those journalists to the advisors to Romulus Augustulus, the last Roman emperor in the West. As Gibbon said in his “Decline and Fall of the Roman Empire” (paraphrased by me) “…at the end 200,000 barabarians which the legions of Caesar’s (Julius) would have swept aside brought to ruin and the end the “Roman” army of 200,000 mercenaries who were paid by the exhausted and effete Romans of the last days.”

So, lets be clear, I am saying that the clueless politicians of our age elected by special interests none of which care about the fate and standard of living of the mass of humanity are bringing us to a critical point in history. If we don’t start setting goals for our economies (of the various nations) in terms of getting the necessary material goods for their health and safety and then the comfort of the most people possible then any hope of a peaceful stable world ends.

The airlines say that when the oxygen masks drop serve yourself first so you can then help others.

The USA must now re-industrialize to save ourselves and this means that we must produce domestically whatever we can to be self-sufficient-THIS IS THE ONLY PATH TO THE CREATION OF WEALTH. After we re-indutrialize we can resume the path to helping keep ourselves and the world safe from self-immolation in resource wars.

Globalization to maximize profit was a mistake, because its negative economic consequences were overlooked.

We must now increase the production rate of those resources we know we have, or we have doomed ourselves to a progressively lower standard of living. We must stop frivolously wasting our increasingly expensive precious resources of rare metals on toys that dissipate them and prioritize closed loop recycling of rare metals as we begin to increase our production rate infrastructure, becasue without this increase there will be no additional supply! This may well be the most expensive re-industrialization in history. It is criminal stupidity for our politicians to assume, as they surely do, that the world of natural resources is of infinite dimension awaiting at the beck and call of our mining technology.

I do not believe that there is any long-term effect from so-called “anthropogenic ” global warming. I do howver believ that global economic stupidity exists and can have dire consequences.

I’m going to soon be seventy and thanks to modern medicine, clean and cheap healthy food, and genetics I could live another generation or more. Please don’t make me watch America’s standard of living decline in that period. Americans please wake up to the consequences of knee-jerk “envuironmentalism,” before you reduce our standard of living to the point of no return. Money like rare metals is a precious resource; it must not be wasted any more.

Jack Lifton

Thanks for this truly comprehensive report on Great Western and its most promising mine in South Africa. Even among this mostly unknown market of REEs, the outstanding potential of Great Western is just as unknown. However, you have unplugged the cork and the genie is most certainly out.

But your overall point about Canada becoming the gravity center of the REE industry in the next few years should give ample impetus for investors and investment vehicles to start looking seriously at REEs as not only junior miners, but as the burgeoning commodities market which will underly the reindustrialiazation of North America for the 21st century. And as companies begin to plan for all the related value added markets, let’s hope they will spur the economy as well with new applications , new jobs, and new construction to house these resurgent industries.

I’m very much interested in beryllium. Do you know of any Canadian juniors that mine beryllium?

Enjoyed the article greatly.

Bill Traster

tHANKS AGAIN.

NAMASTE

SINCERELY,

aNDRIETE