Only two issues with that...
One being that I've rarely found it difficult to buy things I want at prices well below what insiders pay. Insiders may have a better feel for some aspects of their business than others... which doesn't necessarily make them better market timers... and sometimes all that expression of confidence means is that they're among the worst of the Kool-aid drinkers... given that they're the reason, based on prior performance, that the stock is on sale in the first place. An expression of confidence from insiders is thus "generally good"... but you do have to qualify it with the awareness that the confidence might not be warranted, in spite of the expression. Insiders aren't unaware of the value others place on their opinion... so, you also have to determine if their expression of confidence is real, and they're truly placing a well informed bet they expect to provide solid returns, or if they're simply doing what they think will work in trying to convince you that that's what they're doing.
The other being that real estate values still vary with location, location, location... and mineral exploration really is basically about the value capable of being generated by the particular use made of the real estate.
In the REE's that's as true as anywhere else in real estate...
But, what that leaves you with in REE's is that the meat is likely priced differently than the potatoes... and, when meat is in short supply, and potatoes are in surplus, it is very likely that the unavoidable requirement in pricing them as a package (since, unlike cows and potatoes, the various products are all produced from the same bit of ground) will result in potatoes being sold for less than they cost to produce. Consider it as productive ranch land being more valuable than productive potato fields if you like... with some farms doing better growing more cows and fewer potatoes... but, market reality is that HREEs have larger real value due to large, real deficits in supply... while many of the lighter elements are actually in surplus, and will be in greater surplus in the future, as mining continues seeking more HREE's and produces more and more of the lighter elements as a byproduct.
Otherwise, I agree with your view of the utility in the REEs... and I don't think the demand is going away rather than increasing over time... leaving questions about timing in the balance attained between demand and supply in different elements, over the long term, as the markets work to adjust to the post bubble environment in pricing the REEs.
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