Is USA Rare Earth Stock a Millionaire Maker?
Most investors know most stocks are only going to dish out average gains. Every now and then, though, a prospect surfaces that seems like a potential game changer. Indeed, it may even turn a relatively small investment into a seven-figure sum.
The risks associated with such upside potential, of course, are just as great -- and that's the conundrum anyone eyeing USA Rare Earth (NASDAQ: USAR) right now is facing. The world needs what it's got. The math, however, may or may not make enough risk-adjusted sense in the long run.
Just as the name suggests, USA Rare Earth is in the rare earth minerals business. Once its facility in Stillwater, Oklahoma begins operations sometime in the first half of this year, the pre-revenue company will be able to annually manufacture 5,000 tons of rare earth magnets, putting it in a business that USA Rare Earth President Thayer Smith says is poised to triple in size within 10 years.
Source Fool.com
