Tuesday, January 7, 2014

U S RARE EARTHS INC (UREE): Senate Bill Sets Stage For Significant Upside In Molycorp And U.S. Rare Earths - Seeking Alpha

U S RARE EARTHS INC (UREE): Senate Bill Sets Stage For Significant Upside In Molycorp And U.S. Rare Earths - Seeking Alpha

Here is an interesting article about rare earth minerals and thorium. The comments at the end of the article are also very good.  The article talked about Molycorp (MCP) and U.S. Rare Earths (UREE).  I own Molycorp, but it is not for the faint of heart because it is taking a long time for the company to make a significant amount of money.  As for UREE, this is a highly controversial company.  First of all, the stock has a very low trading volume.  If you get in, will you be able to get out at a decent price if something goes wrong?  Secondly, even while I like the idea of thorium nuclear reactors, it will probably take several years for thorium to become popular, and your money will be dead in the meantime while you are waiting.

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