Niobium

Something completely different:

Niobium is good.  The U.S. does not have any - bad.  It is a highly valuable strategic metal - good.  China is a main source - very bad.

So, a Vancouver company bought up mineral options and has revisited a Nebraska find of many years ago. So far, their prospect looks "huge," as we say in the Albany, N.Y. area. Indeed the USGS thinks it may be the largest global resource, see below. (This is the key ingredient to this report.)  Right now, IAM Gold extracts niobium from Canadian soil when it thaws out, say July and August.  To determine whether IAM makes money at this involves research.

So, I looked up Quantum Rare Earth Developments Company. I thought people might be like me and be interested in  a 15 cent stock of companies that don't produce anything and has collapsed from 72 cents in April.  I did read a projection, though, that year one (one of what, you may ask. Go ahead.) would see a 21% return. How they figure that is a mystery, but at .15 who cares. Using a speculator's measure, if a company is .15 and has no business, imagine what it would be worth is it made money! (Of course, we have to assume Mr. Obama and his brilliant economic and political philosophies will be brutally obliterated before investing over $15.00 in a strategic metal that would create a boom and help protect us. If he remains, then look into wind turbine repair shops.)

If you find betting on dirt is problematical, then invest in dirt around Elk City, NB.  Can't hurt especially if we are facing armageddon. If you look at the map, you will see there is still a little clear land left and you can see the marauders coming over the curvature of the earth.  Clearly, NB needs thousands of wind turbines.



QREDF.PK

$0.160(-1.25%)

Unlike most Vancouver mining companies, there is a silence about the Elk prospects. This is suspicious since the Vancouver game is to hype everything: Quantum Rare Earth Cleans Coffee Pot....  Then again, the home page is suspicious. It has a landscape of wind turbines, very Canadian (they are turbine huggers), but what does that have to do with strip mining Nebraska?

Anyway, even scam artists may actually stumble upon something that is correct.

I think this is important for Ken:  QRE. TSX Venture

From QREDF's home page:

Quantum Rare Earth Developments Corp. is a resource development company focussed
on its premier project in Elk Creek, Nebraska. The Elk Creek project has potential to host one
of the most economical Niobium and Rare Earth deposits in the world.

Elk Creek is an advanced project due to Molycorp having drilled over 100 holes in the 1970’s
and 1980’s. Elk Creek is a "World Class" Niobium deposit, with substantial intercepts of Rare
Earth's and Phosphates. Recently announced assays from the summer 2011 drill campaign.

Quantum is also exploring its 2 other projects in Saskatchewan and Australia. Archie Lake, {Please, Archie Lake!!!}
Saskatchewan, is a Rare Earth exploration play with excellent surface results, with sampling of
29.9% TREO. In Australia, Quantum has 2 exploratory Rare Earth projects near Mount Weld.

Elk Creek, Nebraska - Niobium & Rare Earth Project

• 80.1 Million Tons of Nb2O5 (Niobium) at .62% Nb2O5 (March 31 2011)
• ~500 Million Kg of Nb2O5 (Niobium) contained (March 31 2011)
• Niobium price ~$46/Kg
• 131 meters of 1.02% Nb2O5 - highlight from 2011 summer drill campaign
• Deposit is open in 3 directions
• Significant Rare Earth Complex indentified 2.5 Km from Niobium Deposit

Some more press:

Elk Creek Niobium & Rare Earth Project, Nebraska USA

Quantum Rare Earth Developments Corp. acquired the Elk Creek Carbonatite, a former Molycorp project on May 4th, 2010. The Elk Creek deposit is one of the largest known carbonatites in North America. The transaction was accomplished through the acquisition of Elk Creek Resources, a private Nebraskan corporation which, through a series of agreements, owns an option to acquire the mineral rights to the project.

Elk Creek Highlights

-80.1 million tonnes at 0.62% Nb2O5 , with the deposit open in 3 directions - NI 43-101 compliant -500 million kg's of Niobium (1.1 billion pounds)  - March 31st 2011
-Potential to be "largest global resources of Niobium & Rare-Earth Elements" Source: USGS
-50,000 feet of historical drill core from 113 holes by Molycorp in the 70's and 80's 
-August 2011 Quantum released 3 holes in that were the first holes to be drilled across the deposit- highlights- 131 meters of Nb2O5
-Substantial historic TREO intercepts including 54.9m of 3.30%, contained in 155 m of 2.70%
-September 2011 released 2 Rare Earth holes 2.5 km away from the main Niobium zone- highlights- 68.18 m of 3.32 percent TREO

 Location

The Elk Creek Carbonatite, located in southeastern Nebraska an hour south of Lincoln. The Elk Creek an oval-shaped magnetic and gravity anomaly approximately 7 kilometres in diameter, making it one of the largest known carbonatite complexes.

 

OK, for the hooked:

QUANTUMRAREEARTH-DETAILS

See more : Details | Technical analysis | Historical prices Quantum Rare Earth Developments (TSX.V:QRE) (QREDF.PK) Ask: 0.16   Bid: 0.155   Change: -0.025    Change in Percent: -13.89%    Last Trade (With Time): Sep 30 - 0.155   Last Trade (Price Only): 0.155   Volume: 175025   52-week Range: 0.16 - 0.72