Those of us who have been around this sector for any length of time know the following lesson well. The rest of you owe it to yourselves to take a serious look. It's your guide for when to buy and when to sell, assuming you pick a winner/winners in the first place.
Note the two red ovals, and the tail off the sell line in the second case. Looking at LBSR, however, Hay Mountain is but one of what could be several projects in the Bisbee camp alone.
Note also how valuation tends to increase BEFORE positive results are in hand. ...rocket launch getting near, IMO. [Thanks to Brent Cook's Exploration Insights.]
![](http://static.cdn-seekingalpha.com/uploads/2014/2/21/saupload_saupload_XPL11_thumb1_thumb1.jpg)