Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (3841)	12/24/2013 9:27:03 AM
From: ayeyou	Respond to of 203729

I have been chipping away at NAN and socking away for the big hit. HUD looks very interesting ,they will be mining their anorthosite deposit in 2014 and just in November the Greenland government lifted its ban on radio active element mining. This will allow the possible development of HUD's rare earth property which has been mothballed till now because it has a small component of uranium in it. I am very keen on Greenland as a whole and NAN and HUD have an early foothold and both have huge land portfolios up there. Greenland is like they are exploring on the moon because until recently , due to receding icecap it was unexplorable. NAN .23 140 mil o/s HUD .345 80mil o/s From HUD news...... In November, the Government of Greenland announced that it has lifted a 25 year old zero-tolerance policy towards radioactive elements. Hudson has two projects that will be positively impacted by this historic change. The Sarfartoq Carbonatite Complex contains two significant independent projects; the ST1 rare earth project, and the SU1 Niobium/Tantalum project. The ST1 Zone at Sarfartoq represents one of the industry's highest ratios of neodymium and praseodymium to TREO, averaging 25%, based on the Company's published 43-101 inferred mineral resource. As documented in the resource model, the ST1 Zone contains over 27 million kilograms of neodymium oxide and 8 million kilograms of praseodymium oxide, which are the key components in permanent magnets and the fastest growing sector of the rare earths industry. The ST1 Zone contains approximately 500 ppm thorium but only trace amounts of uranium. The SU 1 Project, located approximately 10 km south of the ST Zone is focussed on a pyrochlore-rich lens discovered in the early 1990s by The Hecla Mining Company and briefly worked in the early 2000s by New Millennium Resources NL of Australia. Uranium abundance in this lens is directly related to pyrochlore abundance. Surface sampling of this lens by Hudson in 2008 (reported December 4, 2008, NR2008-10) confirmed high values of niobium (40.32% Nb2O5), uranium (1.02% U3O8), and tantalum (0.91% Ta2O5) together with elevated levels of rare earth elements (0.70% TREO) Despite the fact that 96% of the potential SU1 rock value is allocated to niobium and tantalum, the high amount of uranium present in the pyrochlore-rich lens resulted in Hudson deferring any additional exploration until a decision to change the zero tolerance uranium policy had been made. Hudson will now review its options for advancing the project as more details on the uranium policy are made clear by the government. The Company has no interest in exploring the project for uranium as a primary element. The change in policy will also give the Sarfartoq rare earth project a clearer path to development.