TICKER: MDL:TSX.V; MLLOF:OTCQX; MRD:FSE
Medallion Resources Ltd. is rethinking rare earths. Headed by Dr. Bill Bird and supported by an experienced technical team, the company is well positioned to identify and exploit the world's most promising rare earth opportunities. Medallion's strategy is to target large deposits amenable to straightforward, low-cost mining and metallurgical processes that lead to near-term rare earth production and long-term, low-cost supply. The company is committed to following best practices and accepted international standards in all aspects of mining, mineral processing and the safe management of waste materials.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
"Medallion will likely structure a deal that carries the company to production (or most of its costs to production) while maintaining control and majority ownership in the project. I expect a lynchpin monazite supply agreement and coverage by a reputable brokerage firm by year-end. Early next year I see many possible catalysts, including initial results from an environmental study, securing financial terms with partners and accelerated plans to get to production in 2015–2016. This is eventually a cash flow play; Medallion could earn $50M to $70M in its first year of production, but it's a tiny $15M market-cap stock, so the upside is enormous if it pulls this off."
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