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Northern Minerals In Trading Halt: Probably A Very Positive PFS Release

It is a shame Northern Minerals doesn't have a US ticker, as it is the second best REE company I know, behind Tasman Metals. This means no SA article unfortunately. I have been following this company a bit since my REE articles in October 2013, and it worked hard after several delays, to have its PFS out in June, 2014. Now seems to be the time for this, as it asked for a trading halt today:

If this TH is really about the PFS, I expect this study to be extremely positive, as the deposits have a very high percentage HREEs and are therefore very profitable, and earlier indications about capex promise to be very low (<A$200M). An after tax IRR of 50% or higher cannot be ruled out. Figures like this should easily take care of a 50% bump.

More on this later this week.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.