rare earth
Rare Earths, clockwise from top center: praseodymium, cerium, lanthanum, neodymium, samarium and gadolinium.
  • Over a decade ago, a Wall Street banker bought a coal mine to sell coal.
  • But it was recently discovered that there's more in that coal mine than meets the eye. 
  • Turns out, the mine contains rare earth elements that could be worth tens of billions of dollars.

In 2011, Randall Atkins, a former Wall Street banker, bought a mine outside of Sheridan, Wyoming, sight unseen, The Wall Street Journal reported.