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New Pick: EMC Metals Corp (EMC.V) |
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Saturday, 27 November 2010 00:00 |
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I bought EMC Metals on Nov. 18 because of its 50% joint venture in a scandium deposit, and the patented method for extracting scandium. Today the use of scandium is limited mainly because there doesn't exist a large, and stable supply of the metal. Many industries, particularly the aerospace and the manufacturers of solid oxide fuel cell, have a great need for scandium. EMC could be the company that will usher in the era of wide-application use of scandium.
EMC has strong financial backers, and a Springer Tungsten mine which is up for sale. The sale of this mine alone could justify EMC's current market cap.
I am buying EMC on both the deposit potential, but also on the hype which will likely follow all things scandium. Remember that earlier in this decade palladium stocks, followed by uranium stocks, would easily gain 1,000%, if not 10,000%, returns for early-investors on nothing more then pure speculation!
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