Avalon Rare Metals Inc (AVL.T) is a company that I have covered since June 2007 with a commissioned report on behalf of a private equity fund by my friend and colleague, Rich Radez, well-known for his semi-annual Chicago Resource Expo.I was invited by Rich to evaluate AVL on a field tour of one of its three “flagship projects”, a hard rock lithium play in northern Ontario. That project did little to garner my interest but another one that CEO Don Bubar discussed in his power point presentation that morning over breakfast certainly grabbed my attention: Thor Lake, an advanced rare earth element play located 100 km southeast of Yellowknife in the Northwest Territories.
Since that sunny day on Rainy Lake near Kenora, Ontario, I have followed and written about Avalon both privately and publicly (Mercenary Musings: September 1, 2008; November 3, 2009). This is the fourth in a series of yearly comprehensive reviews on the company. CONTINUES
Here’s the link to read it all again, just in case.