InvestorIntelReport: Mark Smith, Rare Earths and Technology Metals Rebound while the Uranium Bull Awakens.
It was after Mark Smith left Molycorp that I wrote that smart investors should not only watch where Mark would go — but who would follow him. When he started at Niocorp Developments Ltd. (TSXV: NB | OTCQX: NIOBF) we worked very hard to bring him on as an InvestorIntel member, and this worked out well as we love it when our clients move their stock +420% in one year. It also did not surprise me that whispers of Robert Friedland enthusiastically supporting niobium and scandium to friends at PDAC this year would suggest that, as per his usual style; Mark attracts interest from the big fish in the resource crowd…or so one might conclude.
Christopher Ecclestone on the Largo Resources Ltd. (TSXV: LGO) announcement at market close yesterday wrote: “If there is one thing that one can be sure of when Mark Smith walks in the door, there will never be a dull moment…” Likewise, Dr. Luc Duchesne wrote: “I speculate that the double appointment suggests a strategic business consolidation of critical minerals, which offers a potential synergistic leveraging of the assets and business development strategies for both companies.”
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After all, Mark obviously knows what we know on InvestorIntel and that is that the Technology Metals were up 33% in February and the impact of China’s new rare earth policies will not only drive prices, but limit supply (click here).
But let me take you one step further. Presently in the Rare Earth & Technology metals “basket” that I follow, Molycorp, Lynas and Alkane Resources (ASX: ALK | ANLKY) are the top 3 for market caps — and guess who runs 4th and 5th? You got it: Largo Resources Ltd. and Niocorp Developments Ltd. What’s even more interesting is that Largo was 4th as of February 28th, but in the last week and a bit: NioCorp is now in 4th position after $NIOBF was up +21.77 and $NB.V was up +19.35% last week.
Spoke with Jack Lifton this morning as I was cleaning up the misguided commentary under what was an outstanding piece on Ucore Rare Metals Inc.’s (TSXV: UCU | OTCQX: UURAF) Molecular Recognition Technology. He said on the Smith appointment: “I know what he is doing and he is on the right track. He is building a one stop shop for the steelmakers. If he puts this together, he will have a billion dollar deal.”
PDAC was insane as per usual and the intensity is the reason for the week lull in your InvestorIntelReport. While #PDAC2015 was not as much of a drunk tank as in years gone past, I did have 1 senior player who apparently has not been drinking in a year, end up locked…to read the rest of InvestorIntelReport, access charts and market sector updates, click here log-into InvestorIntelReport or click here to become a member.
An accomplished entrepreneur and corporate finance professional, Tracy Weslosky is the CEO for InvestorIntel Corp. and the VP of Business Development for Bellotti Capital Partners ... <Read more about Tracy Weslosky>