I don't consider HUD a promising REE stock.
My opinion, their focus will be on the promising copper property in Snow lake JV'd now with VMS.
There is much more bang for your buck with QRM/RES/AVL. Watch for the Molycorp IPO, but the market is already telling us HREE/REE focused exploration companies are about to have their day.
Here is a blog to put on your radar, keep yourself up to date, there are some really good companies, just don't see HUD being one of them in this space.
JMO
GS40
http://treo.typepad.com/raremetalblog/molycorp-minerals-llc/