BERAL, INC.
Andrew Racz
Director of Research
300 East 54 Street, Suite 26C
New York, NY 10022
Phone: (212) 319-6949
Fax: (212) 753-1944
E-mail: mlikar@aol.com

Lynas Corporation, Ltd.

March 19, 2010

(LYC-A)
Price: 51¢ (A)
52-week price range:
81¢ - 35¢
Shares issued: 1,655,000,000
Options: 61,000,000
(Range: 16¢ - $1.05)
Cash: A 420,000,000

Target:
Global leader in Rare Earth international claims.

KBFO Rare Earth Index

Company Ticker
Alkane Resources
ALK-A
Arafure Resources ARU-A
Avalon Rare Metals AVL-T
Great Western Minerals Group GWG-V
Greenland Minerals & Energy GGG-A
Hudson Resources HUD-V
Lynas Corp. LYC-A
Matamec Explorations MAT-V
Neo Material Technologies NEM-T
Quest Uranium QUC-V
Rare Earth Metals RA-V
Rare Element Resources RES-V
Stana Energy RUU-V
Tasmen Metals TSM-V
Ucore Uranium UCU-V

Some Toronto-listed rare earth juniors

Company

Ticker

 Price ($) (Feb. 1)

52-week ($)
high/low

Increase
in
2009 (%)

Shares
outstanding
(millions)

Avalon Rare Metals

AVK-A

2.41 

4.24/.40

389

78.7

Great Western Minerals Group

GWG-V

.27

.48/.06

233

200.6

Hudson Resources

HUD-V

.73

1.67/.55

1,000

53.1

Matamec Explorations

MAT-V

20.50

27.80/.04

425

86.0

Quest Uranium

QUC-V

2.96

4.14/.035

5,533

36.2

Rare Element Resources

RES-V

3.53

4.69/.41

525

29.5

Rare Earth Metals

RA-V

.55

.66/.17

300

87.8

Stans Energy

RUU-V

.34

.52/.015

600

100.5

Tasman Metals

TSM-V

.70

.93/.40

75

19.1

Ucore Uranium

UCU-V

.38

1.00/.045

900

67.1

 

Rare Earth Oxide Prices
REO
Light / Heavy
Price (US$/kg)
Lanthanum
light
5.55
Cerium
light
4.15
Praseodymium
light
25.75
Neodymium
light
26.75
Samarium
light
4.50
Europium
heavy
480.00
Gadolinium
heavy
7.65
Terbium
heavy
350.00
Dysprosium
heavy
129.50
Holmium
heavy
25.38
Erbium
heavy
25.50
Thulium
heavy
790.00
Ytterbium
heavy
155.30
Lutetium
heavy
238.00
Yttrium
heavy
10.25

This is an interview with Dr. Matthew James,
Executive Vice President of Lynas Corporation, which is perhaps the world's largest rare element developing company.
It's a field which is full of mystery.

Q:  In simple language, what does your company and your industry do?

MATTHEW JAMES:  The rare earth industry is a small industry, but it provides materials and metals which underpin three societal trends today.

RARE EARTHS UNDERPIN NEW MATERIALS TECHNOLOGY
REQUIRED TO SUSTAIN THE NEEDS OF TODAY'S SOCIETY
Energy Efficiency through lower consumption -  Compact fluorescent lights
-  Hybrid vehicle
-  Weight reduction in cars
Environmental Protection through lower emissions -  Wind turbine
-  Auto catalytic converter
-  Diesel additives
Smaller yet more powerful digital technology -  Flat panel displays
-  Disk drives
-  Digital cameras

They go into many applications which improve energy efficiency from a compact electric car to the hybrid vehicle. Those applications do not work without rare earth.

They also improve environmental applications such as heavy automotive catalytic converters which cleans the automotive gases. The new generation wind turbines use rare earths.

The third application is they are in many electronic and digital technologies and applications. They enable miniaturization. The world is dependent on rare earths. We're addicted to rare earths. We use the applications that contain rare earths every day and you just don't know it. Lynas Corporation is a company which has a rare earth mined in western Australia, and we can develop that mine and we are currently building two plants, one a concentration plant in Australia next to the mine, and the other a processing plant on the east coast of Malaysia. We will produce up to 22,000 tons of different rare earth materials, and we will sell those to global chemical manufacturers, and to sell in the automotive and electronic industries.

Q:  I understand the total production a year is 120,000 tons.

A:  That's correct.

Q:  Let me simplify. What I understand is that you mentioned the main application, that with this current application there is already a shortage in the world.

DEMAND FOR RARE EARTHS IS DRIVEN BY THE UNDERLYING APPLICATIONS, AND CHINA DOMINATES PRODUCTION

2010 Demand Forecast by Application

Ceramics 1%
Other 3%
Magnets 24%
Battery Alloy 12%
Metallurgy ex battery 9%
Auto Cat 7%
FCC 16%
Polishing powder 15%
Glass additive 8%
Phosphors 6%
2010 Demand Forecast by Region
USA 11,000 tons - 8%
China 72,000 tons - 54%
Japan 32,000 tons - 24%
Asia, other 5,000 tons - 4%
Europe 13,000 tons - 10%

MAGNETS AND BATTERY ALLOW ARE
FORECAST TO BE THE GROWTH DRIVERS
FOR RARE EARTHS DEMAND TO 2010
Growth Forecast by Application
Application
Growth rate
% p.a.
2014 demand (tons)
Magnets
12%
50,000
Battery Alloy
15%
28,000
Metallurgy ex batt
2%
13,000
Auto catalysts
8%
12,000
FCC
4%
25,000
Polishing powder
8%
26,000
Glass additives
-1%
10,000
Phosphors
8%
11,000
Ceramics
4%
2,000
Others
2%
4,000
Total
8%
182,000

A: That's correct.

Q: However, the way you describe the applications like hybrid cars, cell phones, wind turbines, five years from now it could be a ten times bigger business than it is today. So in other words, your company is heading towards a world where there will be a shortage in 2010-2011. If I were an engineer I would say, well, fellows, this is a joke, five years from now you will have so many electric cars, you will have so many electronic gadgets and the demand would be so much bigger that your 120,000 tons is history.

WORLDWIDE

 

Production

Demand

Price increase

2008

120,000

150,000

 

2011

135,000

170,000

+20%

2015

150,000

200,000

+50%

A:  I think the industry understands that the forecasts in rare earth demand is in the double digits per annum.

Q:  Tell me about the price structure.

A:  Today the Chinese dominate supply. They are setting the price of rare earth. The potential for a particular rare earth to increase in price dramatically is there. You must have these rare earths. Otherwise the applications don't work.

Q:  So if the market in five years time is quadrupled and you have 120,000 tons today, and you said that the rare earths are absolutely essential, it is like a checkmate. The rare earth companies are checkmating the world. A 185,000 ton demand in 2015 would make 1 100-200% increase in price.

A:  In a way. The applications which are increasing tenfold, for example, today maybe only account for 10 percent of the rare earths market. So our forecast in five years' time is for demand to be approximately 200,000 tons of rare earths. But in these elements there are examples already where the price of a particular rare earth, neodymium, for example, has increased fivefold in a matter or six or seven months. This could happen going forward. So today neodymium is $25 a kilo. In times of extreme shortage, it doesn't matter whether that element is $100 a kilo. The application of a $2 million wind turbine generator, the price has no effect on the economics of that application. Same with hybrid vehicles. It might only contain two kilos of neodymium magnets. If the manufacturer has to pay $100 a kilo for the magnets, they have to pay $100 a kilo rather than $20 a kilo, because the hybrid vehicle is a $30,000 vehicle.

As supply tightened in '08 prices increased, in '09 demand dipped,
prices are now recovering
SUPPLY, DEMAND AND PRICE DEVELOPMENT
Demand creates price increases.
If higher price world creates more production, it leads to acquisition.
If not, a "price jump" can occur.

Q:  So your business is called a broker's delight.

A:  Yes. It's a perfect storm from a supply aspect.

Q:  You have, if I am correct, 1.6 billion shares.

A:  Correct.

Q:  And it's selling at $.50.

A:  Correct.

Q:  My question is who owns these shares?

A:  About 70 percent of our register is institutional investors. Morgan Stanley, JP Morgan have substantial shareholding positions, about 5 percent in Australia. Those are the only people who are known [in the register]. But we have a largely European and U.S. institutional holders in the register. About 30 percent of it is called private individual.

Q:  How does management fit into this?

A:  Management in total has about 4 percent, with our executive chairman having the majority interest. Other members of management holding only a few percentages.

Q:  So 4 percent of 1.6 billion is 60 million shares, at $.50. If your stock goes up to $5.00, it will be $300 million. You obviously talk to some of your colleagues in the business. The numbers you project are the same as theirs. I had done a report on Peter Cashin. He has a company in Toronto. But his market cap is small, $150 million. He's rich but not in your class. There is a small cap company, $70 million, Great Western Resources. You know them?

A:  Yes.

Q:  They have good properties?

A:  They have an interesting property in South Africa. I think the South African resource is the highest producing asset they have. Great Western, who had an auction on their assets, are listed in Canada.

Q:  I know, 22¢. It didn't go up the last week. Thirty or forty years ago, there was a development in America called Silicon Valley. Lots of people became millionaires. The sky was the limit. Do you think that there will be a Rare Earth Valley internationally, all the companies working together or supporting one another, joint projects, and creating a mining community which, in fact, the way you describe it will have the world in its hand.

A:  I think that there is certainly a desire to create a supply system which is separate from the Chinese supply system for rare earth. We have 95 percent of the world's rare earths coming out of China. Even the U.S. government is looking at strategic supply and there will be one or two major suppliers who have first-move advantage.

Q:  Who are they?

A:  We see ourselves, Lynas, and potentially a group called Molycorp.

Q:  That's Goldman Sachs.

A:  That's a Goldman Sachs company. Those two we see as getting into the market, dominating the market. Our business model is then to say smaller companies find good rare earth assets, and then our model is that they come to us and we help them develop and process together and create a consortium.

Mineral scarcity -- it is not about size of resource, it is about
production in a specific timeframe
  • Shortages occur when supply as a function of time can no longer keep up with demand as a function of time.
  • The ultimate recoverable resource in the ground is irrelevant in this respect.
  • We have reached this point in the Rare Earths industry.
    — Current resources are struggling to maintain production.
    — Growth forecasts are greater than new supply coming to market.
  • Mineral scarcity is expected to be an aspect of this industry for at least the next five to ten years.
    — There are insufficient well-advanced new projects in the pipeline.
         Lynas - Mount Weld 
         Molycorp - Mountain Pass
  • There is significant first mover advantage to be gained by those companies able to supply

Q:  Just a little bit about price for the industry overall.

A:  The prices for different elements, and there are about eight different rare earth elements, the price depends on the supply and demand of each particular element. For our basket of rare earths, currently our average price is $13.50 per kilo. In the first half of 2009, when demand in the world was down and the world was not buying, the price got to $9.50.

Q:  This year, 2010, what would be the industry delivery in tonnage or kilos and price?

A:  We expect in 2010, for the world market to be about 135,000 tons of rare earth, with an average price of at least $15.00-16.00 this year. So you're talking about a market of about $2 billion in total.

Q:  And it represents profit outside China, or not yet?

A:  Yes. Those prices will be very sustainable for our operation. Our cost of production is $5.65, so we're looking at about a $10.00 margin on 22,000 tons. That's $220 U.S.

Q:  And let's say two years later.

A:  Two years later, the question is how high can the price go? We're always careful about predicting prices, but it could easily be in the $20 region for our average price. So that would be 150,000 tons in two years' time.

Q:  And at $20 kilo, that's $3.5 billion. Still a very small industry.

A:  Yes.

Q:  Now, you got the biggest monetary contribution of all the companies from JP Morgan.

A:  JP Morgan underwrote our recent capital raising. We raised $450 million. And JP Morgan underwrote all that 100 percent. So they subsequently sold that to different institutions. But JP Morgan is one of our biggest shareholders.

Q:  And the $450 million would carry you to production?

A:  Correct.

Q:  So in other words, you use up this money but if you take 2012, you would have let's say maybe 30,000 tons of production.

A:  In 2012, we'll just be finishing the expansion of our plant for 22,000 tons. So it will only be after 2012 that we'll be looking to increase beyond that. But by 2014, certainly we could be above 22,000 tons.

Q:  And that would be 22,000 at $30, almost $700 million.

A:  If you're at $30 a kilo, that's correct.

Q:  At the end of the decade, we can look for a $6-7-8 billion industry.

A:  At the end of this decade, yes, easily.

Q:  And much higher prices, big cash flow, and you probably will support the emergence of new industries.

A:  Yes. I believe that's very true. I think today because of the tight supply of rare earths, there are many applications which are not being developed because the engineers are concerned about the security of supply. Something that Lynas is doing is guaranteeing that security of supply because they're outside of China. And we expect the growth of the industry security of supply because they're outside of China. And we expect the growth of the industry to benefit from that.

Q:  So in other words, what you're describing is that through various strategic moves in mining, engineering, contracts, there can be a new industry with a limited number of participants, prices rising, double, treble current prices. But the interesting part is twofold. One, that you put hybrid electric cars on the map, and windmills, which have been a research idea for thirty or forty years, you also put on the map. And as a reward, you being the largest with a capitalization of $800 million, in ten years' time you will be in the forefront of creating new industries, supplying industries, having a tremendous cash flow, and there will be two, three, four, five electronic applications, which is comparable to the growth of Apple Computers in your industry.

Lastly, there will be a lot of articles about your business, because they all represent what not only the investment industry wants to read, but the public wants to read. So this is going to be an industry where there will be ample publicity.

Hybrid: 100 years after the Model-T.

Hybrid vehicles could revolutionize the automobile industry. 

Hybrid is in the 21st century
like
the Model-T 100 years ago.

Hybrid vehicle technology is dependant
upon Rare Earths

Hybrid electronic motor and generator

  • Neodymium
  • Praseodymium
  • Dysprosium
  • Terbium

Hybrid NiMH battery

  • Lanthanum
  • Neodymium
  • Cerium
Enabling better emission standards and lower energy consumption.

Disclaimer

Information contained herein is based on data obtained from recognized statistical services, issuers reports or communications or other sources believed to be reliable. However, such information has not been verified by us and we do not make any representation to its accuracy or completeness. Any statement non-factual in nature constitutes only current opinions which are subject to change. BERAL INC. or their officers, directors, analysts or employees may have positions in the securities or commodities referred to herein, and may as principal or agent buy and sell such securities or commodities. An employee, analyst, officer or a director of BERAL INC. may serve as a director for companies mentioned in this report. Neither the information nor any comment expressed shall constitute an offer to sell or a solicitation of an offer to buy any securities or commodities mentioned herein. There may be instances when fundamental, technical and competitive opinions may not be in concert. This firm may from time to time perform investment banking or other services for or which investment banking or other businesses from any company mentioned in this report.

 

Archive

Bunker Hunt Article
Posted October 27, 2014

Lamb Realty.
Posted October 15, 2014

Chiquita Brands International
Posted August 20, 2014

Emerson Radio
Posted August 24, 2014

Evercore Partners Inc.
Posted August 5, 2014

Moelis & Co.
Posted July 22, 2014

Torchlight Energy Resources, Inc.
Posted May 21, 2014

Andrew Racz
Posted May 19, 2014

Royal Nickel Corporation
Posted May 02, 2014

Recorded Interview Robert Schermer, CEO
Posted March 15, 2014

Cowen Group, Inc.
Posted March 5, 2014

Pacific Booker Minerals Inc.
Posted February 4, 2014

Sandstorm Gold Ltd
Posted January 24, 2014

Global X Gold Explorer ETF
Posted January 16, 2014

Bring Back Mr. Giuliani
Posted December 24, 2013

Gold Reserve Inc.
Posted October 15, 2013

Premier Diagnostics Health Services Inc.
Posted September 25, 2013

Almaden Minerals
Posted September 3, 2013

Electric Cars In New York City
Posted August 27, 2013

The World Without Gold
Posted July 2, 2013

Remembering Mr. Churchill
Posted June 10, 2013

Financial Transactions in the Digital Age
Posted May 15, 2013

Senator Chester Crandell ( R ) Arizona
Posted May 7, 2013

Explor Resources Exs V
Posted April 14, 2013

The Gathering Storm
Posted April 9, 2013

Vietnam - West of Hong Kong
Posted March 11, 2013

Vietnam – In Peace!
Posted February 26, 2013

Wisdomtree Investments Inc
Posted January 28, 2013

Explor Resources Inc.
Posted November 28, 2012

Oremex Silver Inc.
Posted September 18, 2012

Alphamin Resources Corp.
Posted July 26, 2012

Harvest Natural Resources
Posted July 20, 2012

The Man Who Was Created by Gold
Posted July 06, 2012

Recorded Interview With Zach Erdem, President
Posted June 20, 2012

Nortec Minerals Corp.
Posted May 01, 2012

The Fundamentals of Chesapeake Gold Corporation
Posted April 16, 2012

Jourdan Resources Inc. (JOR.V)
Posted March 20, 2012

THE IMF
Posted February 27, 2012

Gold Index Bonds - To Avoid the Money Traps
Posted February 2, 2012

Monarch Casino & Resort, Inc.
Posted February 01, 2012

QMC Quantum Minerals
Posted january 19, 2012

African Metals Corp.
Posted December 21, 2011

The Crisis That Almost Wasn’t
Posted December 7, 2011

DNI METALS, INC
Posted November 18, 2011

The Crisis That Almost Wasn't
Posted November 15, 2011

Ocean Power Technologies, Inc
Posted October 19, 2011

The Mongolian Economic Miracle
Posted October 12, 2011

H. Hunt
The Son of Bunker Hunt
 
Posted August 24,2011

Sandstorm Gold
(SNDXF - NASDAQ)
Posted August 15, 2011

"Silver At $200
Posted July 29, 2011

"First Majestic Silver Corp
 Posted July 26, 2011

"Interview with Brian Kirwin,
President
American Bonanza Gold Corp"

Posted July 21, 2011

"Interview with Ian Foreman
President
Yale Resources Ltd."

Posted June 16,2011

"Interview with Brandon Mckee
Callinan Mines
By Andrew Racz "

Posted June 1, 2011

"Andrew Thompson Interview Soltoro Ltd."
Posted May 15, 2011

"Great Panther Silver Limited"
Posted March 29, 2011

"The 21st Century's Marshall Plan"
Posted March 17, 2011

"Interview With
Houston Hunt"

Posted February 23, 2011

"Esperanza Resources Corp."
Posted February 23, 2011 

"Douglas Lake Minerals"
Posted January 11, 2011 

"Do not bet against Casablanca"
Posted December 10, 2010 

"Palladium"
Posted December 8, 2010 

"Full Circle"
Posted November 19, 2010 

"REMX - NYSE ARCA - MV.RARE EARTH/STRATEGIC METALS"
Posted November 8, 2010 

SilverCrest Mines, Inc.
Posted October 26, 2010

Cache Exploration, Inc.
Posted October 22, 2010 

Silvore Fox Minerals Corp.
Posted September 29, 2010 

Almaden Minerals, Ltd.
Posted August 16, 2010 

"The Path Of A Hungarian Immigrant"
Posted August 12, 2010 

"Interview With
Mark Hazout -
Silver Dragon Resources
"

Posted June 24, 2010

"Who Owns Whom At The Final Tally"
Posted June 15, 2010 

"The World Needs
Bunker Hunt.
"

Posted May 24, 2010 

"Arafura Resources "
Posted April 15, 2010 

"MF Holdings LTD"
Posted April 7, 2010 

"Quest Uranium Corporation"
Posted April 5, 2010 

"Lynas Corporation, LTD"
Posted March 19, 2010 

"Rare Element Resources LTD"
Posted February 9, 2010 

"Mexco Energy Corporation"
Posted January 4, 2010 

"Claude Resources"
Posted December 16, 2009

"The Silver Spirit"
Posted November 25, 2009 

"... from Casablanca to Monte Carlo."
Posted November 20, 2009 

"Sutter Gold Mining, Inc."
Posted November 16, 2009 

"Whose Friends Are They Anyway?"
Posted November 4, 2009

"U.S. Energy Corporation"
Posted October 28, 2009 

"Harris & Harris"
Posted October 13, 2009


"They Made A Difference"
Posted September 30, 2009 

"Bridge Bancorp, Inc"
Posted September 22, 2009 

"Entree Gold - September 2009"
Posted September 3, 2009 

"Who Lost Mongolia"
Posted August 16, 2009 

"Mongolian Prime Minister Sanj Bayar -
A politician of the 21st century"

Posted July 16, 2009 

"Romios Gold"
Posted July 7, 2009 

"The Grand Alliance"
Posted July 6, 2009 

"Sandstorm Resources, Inc."
Posted June 22, 2009 

"Ireland, Inc."
Posted June 16, 2009 

"The Brave New World! - Gold at $1000"
Posted June 5, 2009 

"Claude Resources, Inc."
Posted May 28, 2009 

"Bullion Management Group"
Posted May 11, 2009

"Golden Hope Mines, Inc. - Retraction"
Posted May 4, 2009 

"Silvercrest Mines, Inc."
Posted April 1, 2009 

"Silver Dragon Resources"
Posted February 27, 2009

"In Gold We Trust"
Posted February 26, 2009

"Entree Gold: An Unusual Asset Accumulation"
Posted February 20, 2009 

"The Ultimate Colorful Fate of Edmond Safra, Bernie Madoff, and Governor Bill Richardson"
Posted January 12, 2009

"Silvermex Resources, LTD"
Posted December 13, 2008 

"Prime Minister of Mongolia"
Posted December 11, 2008 

"US Gold Corporation"
Posted December 1, 2008 

"Rubicon Minerals"
Posted November 5, 2008 

"Gold Coins & The Money Game"
Posted October 29, 2008 

"Gold and the Chinese Millennium"
Posted October 20, 2008

"JNR Resources, Inc."
Posted September 30, 2008

"Three Immigrants In Front Of The Court"
Posted September 24, 2008 

"Governor
Walter J. Hickel Interview"

Posted September 11, 2008

"The Alaskan Queen"
Posted September 9, 2008 

"Evercore Partners, Inc."
Posted September 3, 2008 

"Stalin In The
White House"

Posted September 2, 2008 

"Cal-Maine Foods Inc."
Posted August 4, 2008 

"The Mongolian Revolution"
Posted July 10, 2008 

"Mongolian Newsletter, First Edition"
Posted July 2, 2008 

"Goldsource Mines, Inc."
Posted July 1, 2008

"The Douglas Lake Story In The Age Of Fear"
Posted June 25, 2008 

"Mongolia: The 10th Richest Country in the World"
Posted June 10, 2008 

"North American Gem, Inc."
Posted June 5, 2008 

"The Emergence of Tanzania"
Posted June 4, 2008

"Tanzania - An Up & Coming Mineral & Agricultural Producer In Africa"
Posted June 2, 2008

"Western Potash Corp.
(WPX-VSE) "

Posted May 12, 2008 

"Judy Garland &
The Subprime Crisis"

Posted April 29, 2008 

"Altek Power Corp."
Posted April 27, 2008 

"Letter to Prime Minister of Mongolia"
Posted April 24, 2008 

"The Mongolian Manifesto"
Posted April 4, 2008 

"Prime Minister Sanj Bayar of Mongolia Receives The Nobel Peace Prize"
Posted March 17, 2008 

"Olympus Pacific Minerals, Inc."
Posted February 28, 2008 

"Tanzania Gold - Douglas Lake Minerals - Harp Sangha"
Posted February 21, 2008

"Warren Buffett Receives A Call From Franklin Roosevelt"
Posted February 19, 2008

"Gold At 2000!!"
Posted February 14, 2008

"Entrée Gold, Inc"
Posted February 11, 2008

"The Unexpected
Mongolian Dilemma"

Posted February 2, 2008 

"Mongolian Gold"
Posted January 8, 2008

"Sir, Do Not Abdicate"
Posted December 27, 2007

"No More Munich -
The Mongolian Version of 1938"

Posted December 11, 2007

"Watergate Saved Nixon's Life"
Posted November 28, 2007

"The Mongolian Wakeup Call"
Posted November 16, 2007 

"Sanj Bayar -
The Prime Minister of Mongolia"

Posted November 15, 2007 

"Stalin & Chavez"
Posted November 9, 2007 

"Tagish Lake Gold Corp."
Posted November 1, 2007 

"Gold Indexed Bonds"
Posted October 11, 2007

"Jasper Mining Corporation"
Posted September 27, 2007

"Ghengis Kahn Returns"
Posted September 27, 2007

"Interview with Professor William Pfaffenberger - Torch River Resources"
Posted September 22, 2007 

"Interview with
Jim Davis - President of Leeward Capital Corporation"

Posted September 4, 2007 

"Interview with
David Hjerpe - Newmac Resources, Inc."

Posted August 27, 2007 

"The Age of Special "Corporate" Relationships"
Posted August 23, 2007

"Entrée Gold Inc."
Follow Up Report #1

Posted July 24, 2007

"Aldershot Resources Ltd."
Posted July 16, 2007 

"Portal Resources"
Posted June 12, 2007 

"Ghengis Kahn Was Hungarian"
Posted May 31, 2007

"Bayswater Uranium Corp."
Posted May 30, 2007 

"Brilliant Mining Corp."
Posted May 22, 2007

"Golden Valley Mines, Ltd"
Posted April 21, 2007

"Warren Buffett - Franklin Roosevelt"
Posted March 15, 2007

"Rubicon Minerals Corp."
Posted March 1, 2007

"Robert Friedland -
The Man of The Year"

Posted February 21, 2007

"Lexam Exploration, Inc."
Posted February 11, 2007

"My Father Died In Auschwitz"
Posted January 19, 2007

"WisdomTree Investments, Inc."
Posted December 26, 2006

"Entrée Gold Inc."
Posted December 13, 2006

"Aero Mechanical Services, Ltd"
Posted November 17, 2006

"This Year I"m Voting For Dick Nixon"
Posted November 7, 2006

"Global Options
Group, Inc."

Posted November 1, 2006

"The Arrival of the
Nickel Billionaires"

Posted October 18, 2006

"The Kennedy-Nixon debate revisited"
Posted October 4, 2006

"Brilliant Mining Corp."
Posted September 17, 2006

"A Matter of Reasonable Doubt"
Ken Lay - Enron

Posted August 30, 2006

"Silver Wheaton - SLW"
Posted August 28, 2006 

"Silver In The
Twenty-First Century"

Posted August 16, 2006

"The Age of Mediocrity"
Posted July 19, 2006

"Let There Be Sunshine"
Kirk Kerkorian

Posted July 12, 2006

"Oil & Gas
Energy Crisis Solution"

Posted July 3, 2006

"I Am An Immigrant!"
Posted June 7, 2006

"Northern Star
Mining Corp."

Posted May 19, 2006 

"Gateway Gold:
It"s A Gold Story"

Posted May 15, 2006

"Ken Lay's Legacy"
Posted May 8, 2006

"The Principal Guest Was Missing"
Posted April 25, 2006

"J.P. Morgan Offers Advice To Ken Lay"
Posted April 11, 2006

"Pocketful Of
Miracles"

Posted April 8, 2006 

"Midway Gold
Corporation
"
Posted March 23, 2006 

"Harvest Gold"
Posted March 2, 2006 
 
"Sparton Resources"
Posted March 1, 2006 

"Interview with
Robert McEwen-
U.S. Gold Corporation
"
Posted February 22, 2006 

 
"A Tribute to
Rudy Giuliani
"
Posted February 15, 2006
 
"Your Money Is Not Yours"
-Enron & Martin Siegel, Esq.

Posted February 9, 2006

"Other People"s Money -Enron & Martin Siegel, Esq."
Posted January 28, 2006

"Northern Star Mining"
Posted January 16, 2006 
 
"Sonesta International Hotels Corporation"
Posted December 29, 2005 

"The Currency of Mass Destruction"
Posted December 5, 2005
 
"Bunker Hunt-Silver-China"
Posted November 28, 2005

"50 Relatives Worse Than Yours"
Posted November 14, 2005

"Then And Now"
Posted November 9, 2005 

"The Business of Hungary is Business!"
Posted October 31, 2005

"Mr. Prime Minister"
Posted October 13, 2005
 
"U.S. Gold Corp."
Posted September 29, 2005

"Orezone"
Posted September 23, 2005

"Mr Clarke -
Call In The Boys"

Posted September 12, 2005
 
"A Letter To
President Bush"

Posted September 8, 2005

"Mr. Smith Goes To Hungary"
Posted September 1, 2005
 
"Orko Gold"
Posted August 18, 2005

 "Near Hit"
Posted August 16, 2005

"An African Queen"
Posted August 11, 2005

"1848 and Beyond"
Posted August 4, 2005

 

 

Andrew Racz. 300 East 54 Street, Suite 26C, New York, NY 10022
Phone: (212) 319-6949 Fax: (212) 753-1944. E-mail: mlikar@aol.com

Copyright © 2011 Andrew Racz. All Rights Reserved.

Disclaimer