After Molycorp (MCP) and Lynas (LYSCF.PK) go into production in the next two years as the only major rare earth miners outside of China, there remains a slew of junior rare earth mining stocks with projects in the pipeline. Many of these junior miners have seen price appreciation far greater than that seen by Molycorp and Lynas in the second half of 2010.When we look at junior mining companies, a major milestone is the 43-101 filing in Canada or the equivalent filing in Australia. The 43-101 filing is a Canadian filing where the firms present the data on the deposit in question and other data establishing whether a resource qualifies as indicated, inferred, and also comment on the economics of the deposit. Mining projects need this filing in order to move forward in the development process to scoping studies, pre-feasibility, feasibility, permitting, etc. We are not geologists so we will not pretend to be experts, but we have figured out that any deposit that is anywhere but at the beginning of the mine development process (a process that takes 10 years usually) has a 43-101 filing.
The following junior rare earth mining companies have a 43-101 compliant deposit (not including Molycorp and Lynas as they are already on path to production in next two years so they are not considered junior miners by us): (more)
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