Tasman Metals: At Just $1, This Is The Only Rare Earth Stock That I Am Buying
- As one of the largest rare earth element deposits in the world, Tasman's Norra Karr project is of strategic interest to the European Union.
- At just over $1 per share, this stock is very undervalued considering the net present value of reserves which is estimated at about $21 per share.
- Tasman Metals has a debt-free balance sheet which greatly reduces risks and the company could begin production by 2017.
- With the stock now at the low end of the recent trading range, it appears to have bottomed out and could jump as progress continues at Norra Karr.
- Analysts appear bullish and the stock has a $1.75 price target in the next 12 months, but the real upside could be much higher in the long-run.