Topic: How To Invest

What are your views on Medallion Resources, Gold Bullion Development Corp. and ATAC Resources?

Article Excerpt

Medallion Resources, $0.56, symbol MDL on Toronto (Shares outstanding: 32.8 million; Market cap: $18.4 million; www.medallionresources.com), explores for rare-earth elements. These metals are a key component of many new energy-saving technologies, including wind turbines, electric and hybrid vehicles, and super magnets. Right now, Medallion is concluding an agreement with Rare Element Resources Ltd., symbol RES on Toronto, to earn a 65% interest in Rare Element’s Eden Lake property in Manitoba. Medallion can earn the 65% stake by paying Rare Element $250,000 when the deal is signed, and then spending $2.25 million over five years for exploration at Eden Lake. Medallion is also exploring over 42 square kilometres of the Red Wine rare-earth prospect in southern Labrador. The stock has moved up from $0.10 a share in July, due to rising investor interest in companies that mine or process rare earths. The company has taken advantage of the price jump to raise $1.2 million in a share issue. Medallion’s properties are still…