this is from a year ago........A LOT has changed since then.............and Toyota is not walking away....and now,production, maybe a year or 2 away........MAT was trading at 38-40 cents then....


"Kaiser comments on Matamec, a long-term hold at best

2012-02-09 18:50 ET - In the News

John Kaiser, writing in a Jan. 30, 2012, Excerpt, comments on Matamec Explorations Inc. at 43 cents. He said buy on Oct. 26, 2010, at 40 cents, and then sell on Jan. 2, 2012, at 38 cents. An investment of $1,000 sold at 38 cents, would have yielded a loss of $50. He is not yet recommending the stock again. Today, Mr. Kaiser says Matamec achieved a major milestone, releasing a preliminary economic assessment for its Kipawa rare earth project in southern Quebec. Kipawa has a pre-tax net present value of $606-million, which Mr. Kaiser says translates into a $4.36 price target. The stock, however, moved up only a penny today, "hardly a vote of confidence for a junior that has a tentative deal with Toyota." (Toyota will pay $17.5-million toward a Kipawa feasibility study, and then decide whether it will pay all capital costs for a 49 per cent interest.) Mr. Kaiser says he is not surprised the market did not respond in a big way, given that production is at least four years off and there is a possibility that Toyota may walk away. At best, he says the stock is a hold for the long run. He says near-term upside could arise if a hostile takeover bid materializes, or analysts start recommending the stock aggressively."