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…and I received a very positive email this morning from the CEO.
All looking good for the next few months apparently.
What are your thoughts on it bcb?
Mega news
Interesting!
https://www.excelsiormining.com/images/pdf/ExelsiorMining-InSitu-Infographic2_V4.pdf
Cobra Resources CEO Unveils New Uranium Frontier Exploration https://www.youtube.com/watch?v=6xCaFETtVs8&t=38s
Call me in too! Sadly IsoEnergy have a lot more projects than just the Gawler Craton one, but hey, just need Boland REE to do the rest, ha!
Think I would make about £4M at that price, so I will happily double your offer.
Rupert mentions the market success of IsoEnergy over the past six months as it approaches nearly A$1 billion in valuation.......
Well, all I can say is if he gets COBR anywhere near that valuation in the next six months i'll get him a truck load of Fosters...... and a bottle of sherry for his Sheila!
Why never any posts from caribs hope everything ok ATB
Indeed there it is, good spot!
Still rather hope that the budget stays focused entirely on the REE resource expansion, with a small amount added to also evaluate these uranium prospects, rather than stretching it too thin.
Rns 12th oct 2021
Hi Shipwreck Sheep my mixed day meaning is in a good diverse way
Silver at baggy green 2mtrs below surface
Don't know Michael, it's not all that much of a mixed bag imo.
If we look at the metals you mentioned one-by-one:
Gold: The gold, while close to surface and possible to mine with open pit, is not a company-maker size of resource and is more likely to be monetized in some form or another (selling it, JV with earn-in, royalty) to have more funds for focusing on the real prize. That's how I read Rupert's answer in the Q&A from last week at least, and it just seems like the sensible thing to do, especially if Boland turns out all that we hope for, which would mean the REE focus will remain at Boland, rather than the deposits associated with the gold sites. ("we are looking at the best options to maximise an outcome on our existing gold resource. We would ideally like to minimise CAPEX and maximise future revenue. We are looking at the best options to achieve this.")
Silver: Do we have silver? Don't think we do?
Copper: Prince Alfred site isn't one we currently spend raised funds on, so while it is there, it's not a case of "too many cooks", as it's only for potential future exploration.
REEs: The obvious prize, a potential 2000 km^2 district with easy recoverability (acidity of orange juice or wine), great weighting of higher-value heavy rare earths vs light rare earths, and a much much easier path to permitting and eventually production than many other "promising" rare earth finds, think for instance AR3, who have similar grades to what we had at Clarke and Baggy Green, but need much higher acidity than what Boland so far indicates and, even worse for AR3, is a location that is considered the prime farm land of Australia.
Uranium: Given there's a large amount of reanalysis samples from historic drilling, and - if there is any of commercial value - is also situated in the same paleochannel as the REE, it just makes sense to add it to the mix. It's been the element that Adelaide (later Andromeda Metals, who we got the Wudinna project from) have initially drilled for in the region after all, and I imagine given the similar mineralogy to Boland, it would also be an ISR uranium play if there is one.
So it's a pretty straightforward bag as far as I see it, rather than a mixed one: A very likely district-scale REE play, with a potential uranium play to go along with it within the same district, with a focus on economical extraction using ISR, as also talked about by Rupert in the 2 interviews last week, which I hope people invested here also watched in addition to the Q&A. Plus an existing gold resource that hopefully will be monetized in some form, but (imo quite rightly) isn't the focus of exploration work. All about resource definition and resource expansion, eyes on the prize.
GOLD
SILVER
COPPER
REEs
URANIUM
Ect
I invested as what they were exploring four years ago had no nucleotides in the monazite and a thin strip layer. Then REEs became hot and suddenly they were looking for them. Now uranium is hot and where they’re looking now could have it.
Can’t wait to find out what’s hot next month and suddenly we’re hunting to find that in the drill results.
At least Rupert knows what he is doing with ISR but it is a long way from a small, quick win project – to something which is essentially death by permit burden.
Ship wreck you do understand I never wrote the 2nd post in this thread right????
Seems a lot of words to me when your post should of maybe also been directed to waynesmith
On adven, londonstock exchange but not lse?????
BRES is another explorer that recently pulled of a placing at a premium.
Indeed Bob, found the RNS on the company website, not ideal that LSE isn't showing any RNS today for any companies when this one has dropped, as it is additional good news for sure! Apologies to Bonkers in any case, my bad, wasn't aware of the RNS without the red dot showing here at the top of the page.
LordChaos, reanalysis results should be very soon. This was Rupert's answer in the Q&A: "Guidance from the Lab was for mid Jan and due to an instrument issue they are now 4 weeks late. We try to give investors a reasonable guidance on time frame and unfortunately we have had an issue that has been out of our control. Results are anticipated very soon." So 4 weeks late with initially planned results in mid-Jan would suggest they're imminent.
Unfortunately, missed the interview. Did he give an update on when the reanalysed Boland REE result might be forthcoming? I think that's what most of us are waiting for and hoping/expecting them to be excellent and worth the small delay!
RNS issued this morning but not shown on LSE:
https://www.londonstockexchange.com/news-article/COBR/ree-exploration-strategy-to-include-uranium/16327250
ShipwreckSheep
I can see that no RNS is showing on this site, but as Bonkers has highlighted, an RNS has been released "Potential to cost effectively grow a valuable uranium asset alongside REE exploration"
Guys, what are you all talking about?
Bonkers, you mentioned the 7pm interview with Rupert from last week, if you joined it, you know that almost 100% of the questions and answers were about Boland and the other REE resources and how that's the focus to unlock existing value and create more value. So why bring up uranium again when there hasn't been a single word about it by the company?
And the REE discovery is not even 2.5 years old, how would they have "dug up" any minerals? It's an exploration firm. Which exploration firm has turned into a producer 2.5y after first finding the initial sign of a discovery.
Quite clearly, we are at the stage of resource definition (in terms of quality and recoverability of REE at Boland, both of which look very economical in comparison with the resources that overlay the gold resource), and resource expansion, it's 2000 km^2 of the paleochannel. That's why there's the drilling campaign going on right now. Then you have the re-analysis results being released as soon as the lab delay allows it, as pointed out by Rupert in the Q&A. You also had an equity raise at a PREMIUM (show me one other explorer that recently pulled that off recently), corporate action by acquiring 100% of the projects, getting a pretty exciting tenement for future exploration in Tasmania right next to an existing REE resource, a co-operation agreement with an in-situ recovery specialist.
It's hard to understand why you seem to focus on either (a) uranium, or (b) not being a producer yet, when you are invested in a junior explorer that is in the middle of a drilling campaign for REE, and awaiting reanalysis results for REE. What do people expect from these actual imminent news? That's what would be interesting
Four years I’ve been in and they still ain’t dug up 1oz ffs what are they doing