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"Unobtainium", worth $20 million per ounce.
In the blockbuster movie Avatar the obscure object of desire is an element called "Unobtainium", worth $20 million per ounce.
Metals analyst Christopher Ecclestone suggests the hunt for Unobtainium storyline reminds him "of some of the talk surrounding Rare Earths (REE) these days." Since China shouted the equivalent of "fire" in the cinema early last year by threatening to ban REE exports, Ecclestone said "the mining space has been in a ferment trying to get its brain around elements (we would not call them metals...yet) that they have not heard of since high school chemistry and seemingly not in some schools of mines." Names in the REE space include Australia's Lynas Corporation (AX: LYC) and Arafura Resources (AX: ARU), Great Western Minerals Group (TSX-V: GWG) of Saskatchewan, A/S Silmet of Estonia, Triebacher AG of Austria, Avalon Rare Metals (TSX: AVL) and Neo Material Technologies (TSX: NEM), both headquartered in Toronto, Molycorp, which is based near Las Vegas, Nevada, Wyoming's Rare Element Resources (TSX-V: RES), Stans Energy Corp (TSX-V: RUU), which operates mainly in Kyrgyzstan, Greenland Minerals & Energy (AX: GGG) offering projects in Greenland, Tasman Metals (TSX_V: TSM) with projects in Scandinavia, Quest Uranium (TSX-V: QUC) and Ontario's Pele Mountain (TSX-V: GEM), which are both based in Toronto. Read full article in http://www.proactiveinvestors.com.au Visit www.AustralianRareEarths.com
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