Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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I see the tick ups continue. Perhaps we will get that update on Rukwa and a clearer view of what a modest production is, bearing in mind they intend to exploit a new coal seam.
No mention of current or new contracts or the ability to fulfill them.
I wouldn't expect the production levels to be anything special its about what and where we go from here now .
I think our new largest holder will be making a quick call on what do do with RUKWA if its viable and worth doing or to sell it and move direction.
Yes agree . Are you on the telegram group? I
I've said before the only way to make the coal viable is to get another washer crusher, a large investment into the coal mine which may be difficult to fund.
The question now is where that money is best spent. The coal mine or minerals? I know my view on where the future lies for Edenville / Shuka.
I'd like to be excited here but my powder is dry until the good news flow.
I think JB made two things clear, Rules is a valuable asset producing coal, the value of which has yet to be determined, as a producing asset or as an asset to be sold.
But the main drive will be away from coal as financing is more readily available. The income from diversification is sometime in the future leaving coal as our only source of income, whatever that may be. Until the markets are updated we have no idea what that income is or will be.
Whatever's going on people are buying into it, hence the rise in the SP.
Rules/Rukwa predictive text
This project is being finalised for Shuka.
QGC is further investigating more exciting opportunities across Sub Saharan Africa and the Globe.
QGC is currently in the end stage negotiations in respect of a high-grade Zinc and Lead asset in the heart of Zambia.
Which Project site has produced results of the presence of Zinc at an average grade of 13.3% and Lead at an average grade of 3.3% with the reserve set to yield approximately 6.8Mt.
The site further presents opportunities for sulphide ore mining as well as further exploration in the hopes of increasing the current declared yield.
This transaction will represent a value growth increase from 801 Million USD to 1.03 Billion USD.
The rally will only gather strength as insiders load up whilst others scratch their heads thinking about the past.
Jason has made clear that he is here to bring value and fast. It’s happening.