Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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The NPV not being released has caused the drop short term concern far as im aware. Soon to be sorted let the bidding commence.
Stupid ASX rules!
No doubt someone at presentation can ask for figures - he can say them not publish them....
Going to be an odd couple of days. You would have thought that it would have been disclosed that under ASX reporting rules that the financials could not be published under the resource was 60% proved up. That was always going to impact the SP. Hold tight as I doubt this will re-rate as expected just yet. GLA
No economic numbers. Nice if you own the bit of land that just got a free scoping study, mind.
Real c**k up by the BoD and now we all have to suffer the further drop in price.
For the infill - frustrating we can’t see the NPV figures though!
Still think it would be super economical
Fantastic news that the SS is out, and hopefully we'll keep good momentum.
In simple terms, what will we need for this SP to correct a bit too many times the current SP.
Obviously an offer of purchase would achieve this, as a probable return is then quantified.
In absence of a good offer, what is the realistic medium term hope/expectation?
Yep...I suspect it will apply to all exchanges
My feeling is it might not make any difference to the SP. And with the brexit vote tommorow may get hammered. hope not
And scoping studies....The one published is not the one I was expecting to read...The one I was expecting by all accounts as per below cut and pasted is only available to industry groups.....
Further to discussions with the ASX and in accordance with Section 8.5 of ASX Guidance Note 31, the Company will not make public any economic forecasts from the Scoping Study until further work has been undertaken to prove up at least 60% of the estimated resource from an Inferred to the Indicated category as per the JORC (2012) guidelines. The comprehensive Scoping Study will be made available in full to industry groups on application to the Company. Key elements include:
? Three conceptual underground mining development and production scenarios considered throughout the Study
? The conceptual scenario selected progresses decline access ramp with a high grade focus
? 4x4 metre mine standard development size
? Mining method and production schedule over estimated mine life
? Efficient mining block sequence identified
At current prices for Silver alone is $191,000,000 Holy Moly!!
That's £149,969,380.00
LOL...what's our MC??? lol
Woooah,,, that's a hell of a lot of Silver jeeez
It's a brilliant SS!!
I'm no expert but what do you think? Broadly inline with expectation? Seems solid, no massive surprises? A positive reaction tomorrow would be v welcome as recent experience (at least for me) is that even good news seems to lead to a hammering, so who knows. Really hoping this will be different!
Shed no leaky sell off IMO but it’s all opinions and not facts here when it comes to conspiracies! Haven’t really seen a big sell of here what I’ve seen here past couple of months is same in most stocks mms marking it down heavily on small volumes taking advantage of no news in these market conditions! Very Good Scoping study looking forward to tomorrow!
'Holding for months' Lynxist wow someone new! If you check my contributions across all boards you'll rapidly find I post my positions openly and thoughts honestly. I genuinely believe we're going to do well here but so depressed that the delay turns out to have triggered a leaky sell off.
Glad I topped up this week. Going to be an interesting couple of weeks!!!! Dont think we will see buying at 0.09 again. Imho
Will be different right? As we aren’t bound to the ASX ruled on adding financial figures etc etc - what was released on the ASX wasnt the full Scoping Study, interested parties can contact EUZ for a full scoping study as the 45 page document was basically a snapshot
Ive been holding for months and every day browsing the chat and taking in a lot that is said by others. But Shedulike is just full of it. I am thankful for the filter and the fact i can block this person out.
Next: "Infill drilling campaign to convert resources to the Indicated category, metallurgical and geotechnical test work and progression to a full feasibility study"
"The Company currently anticipates that the results from its first diamond drilling campaign will be available in mid-December 2018"
So steaming ahead then! Fantastic! Looking forward to more news this month!
"The reduction in the reported resource through the tenement shift in no way affects the Scoping Study and economic potential of the project. The portion of the deposit affected by the boundary issue, containing approximately 3 million tonnes of mineralisation, is in the north-western extension of the deposit, a very narrow area not currently considered to be of interest in terms of future mining"
Still 93% as much Ag and 89% as much Zn and Pb as estimated on 20th Dec. Mcap is still ridiculously low considering the resource here :)
Well would you Adam & Eve it, yet again the old adage that delays are never a good thing on AIM is proved true again. The delay appears to be due to an anomaly in the coordinates of the resource license, apparently, there is a 'boundary issue' so a portion of our resource estimate isn't currently ours. Obviously this was the reason for the delay, it leaked, insiders got out, PI's last to know, same old.....
She’d it’s on their website, all 45 pages. Verbs
Can't sodding open the document!! Any luck anyone else?