Commerce's Eldor Project

MATT BADIALI, Stansberry & Associates Investment Research (03/29/2010)
"Tantale Erlandson is a tantalum, niobium, and rare-earth element deposit in northern Quebec. It's now called the Eldor Project by its owner, Commerce Resources. In 2009, the company chased a trail of boulders spread around by glaciers back to their source. The source rocks contain enough rare earth elements to potentially merit a mine. The current hot mineral resource, rare earth elements are rare minerals that go into commercial and industrial applications, like batteries.

Commerce plans to 'significantly expand the scope of exploration' this year. We should see drilling in 2010. While royalties are far off in the future, the project is moving in the right direction."

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