FRO (Frontier Rare Earth Resources) has been on a good run recently. -bought 5000 shares at 60 cents last week. It closed at 77 cents yesterday. up 28 per cent within the past week.
KORES, owned by the South Korean government, is really interested in this company's construction of a rare earth element mine in South Africa. Some big players like Samsung and Daewoo Shipbuilding are in talks with KORES to help finance the construction of the mine. This mine has the potential to have one of the largest deposits of rare earth elements in the world. -need these rare earth element to make smartphones, hybrid cars, missiles etc.
China is trying to curb export of their rare earth resources. That's where FRO comes into play.
"Very" attractive rare earth speculation: Stockhouse TickerTrax