Some new SPEC portfolio ideas for 2012

and please note our new web page www.jackbassteam.com
\and twitter jack25bc

Rare Earth Prospects




HUDSON RESOURCES (V-HUD) $0.64 +0.04
AVALON RARE METALS (T-AVL) $3.12 -0.12
QUEST RARE MINERALS (V-QRM) $2.91 -0.19
RARE ELEMENT RES. (T-RES) $5.23 -0.23
It’s been a truly terrible year in the markets, although it
is starting to feel like we might end it on a good note. One
sector that at the beginning of the year was the place to be
and has since become the worse place to be has been the
rare earth sector.

One that’s a little less confusing and will become a little
more straight forward in the coming days is Hudson Resources
as company President James Tuer tells us that HUD
should shortly have out a preliminary economic assessment
based on drilling results of last year.
This year they spent about $6 to $7 million on their project
in Greenland and should have some new resource
numbers out shortly as well. They go back to work in April
and he says given the state of the current markets, it’s a
good thing they’ve got $13 million in the bank.
Hudson’s a little bit different than many of the others in
that their project is counting on only one of the rare earths
to come in big and that’s Neodymium which is key in the
making of magnets. And that metal these days is going for
over $200 a kilo and it looks like the magnet market continues
to grow rather well.

Hudson Resources
Avalon Rare Metals
Quest Rare Minerals
Rare Element Resources

For those who would like to see Nicholas Campbell’s report on SilverCrest Mines, email
Debbie at debbie.lewis@canaccord.com.

AMP Portfolio Pick October 2011

Hyperion Exploration ( HYX on Vancouver)

Increasing price and volume after going as low as 50 cents.

Production forecast of 1500 BOE likely to be surpassed by year end given the recent ( October 2011 ) production update.

TARGET one year out from GMP $ 2.50 - as per March 2011 analysis.