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Avalon Ventures > Message
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Re: News - Avalon Announces Results of Scoping Study on Thor Lake REE Resources

Posted by: IownAPrius on June 19, 2007 09:31AM

In response to: News - Avalon Announces Res... by AGORACOM

Well I know that I am buying a hybrid again. I looks like other people will too:

"The BCC report forecasts growth in global demand for REE’s arising mainly from the automotive sector, at a rate of 10% year over year until 2010 from approximately 100,000 tonnes in 2006 to over 150,000 tonnes by 2010 expressed as “TREO” (Total Rare Earth Oxides or the sum of all 14 REE’s plus yttrium). During this period, primary supply sources located mainly in China are not expected to significantly increase production creating a growing supply-demand gap. As discussed below, this is already causing significant price increases for certain REE’s such as neodymium, required for the magnet applications. This also creates opportunities for new primary suppliers to enter the market. Wardrop concludes that the REE resources at Thor Lake, while requiring significant further work to bring them to the feasibility level of analysis, represent an attractive potential development opportunity for the Company."

This is ready to explode

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Executive Address
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Don Bubar
President and CEO
October 29, 2008

Don Bubar Goes "Beyond the Press Release" to discuss the recent news on the Thor Lake Project

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