As happens from time to time, a story like Bre-X's grows from the wallets of people least prepared to understand what they are getting into, their motivation being fear of missing out - not that understanding always leads to profits.  I was sorry to have missed LBSR on the Big Chunk run up, but came in with both feet as North Pipes began to look more promising (before the political complications could have been foreseen).  Since then I've taken my losses and rebuilt positions at far lower prices, which again does not mean that my "understaning" will lead to profits.  ...just my educated bet, but a bet, though a bet it is.