CCE: Eldor Project to Boost a Junior

Leonard Melman The Gold Report Interview with Leonard Melman (04/11/2011)
"I've grown very familiar with Commerce Resources through the years. Commerce's main project was almost strictly limited to tantalum and niobium development in Blue River, British Columbia. However, the company has also advanced the Eldor Property in Québec as a rare earth elements project in the past year. The popularity of rare earth elements has generated a great deal of new interest in Commerce. The shares have advanced from about $0.25 to as high as $1 during the past year. The Eldor Property is under the supervision of geologist Jody Dahrouge. I met Jody on a trip to Blue River. He strikes me as a serious, well-grounded geologist. I think the glowing reports that he signs can be trusted.

From the reading I have done on other projects, both the extensive amount of material and the grades are very high compared to other North American projects. The most attractive feature to me about rare earth elements is that China has been the great provider of these elements to the world market for the past several decades. China just said it is going to being reducing exports, which is going to leave several important industrial applications short in North America. Companies are going to be looking for supplies from North America. That should bring in purchase commitments and excellent financing to advance these projects as fast as possible. The company is also ideally positioned near the St. Lawrence Seaway, so its products can be immediately shipped around the world. We're only talking a few hundred kilometers between its site and cities such as Saginaw on the St. Lawrence River. Commerce is also very close to the huge industrial markets of Ontario, Québec, and the northeastern U.S. There are inherent advantages in the Eldor Property.

View Entire Article: Leonard Melman: On Freedom and Gold's Future

For more independent commentary, click here: Commerce Resources Corp. CCE:TSX.V; D7H:FSE; CMRZF:OTCQX

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