Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Here's the latest on the Uranium permit application. Looks like they're on their last extension. Need to get things moving by May 23rd by the looks of it.
Re: Wedding Bell Project (Groundhog Area), File No. P-2021-008, Decision Date Extension
Approval
Dear Mr. Guilinger,
On March 17, 2022 the Division of Reclamation, Mining and Safety (Division) received your request for a 90
day extension to the above listed NOI application. Your application was considered complete and filed on
June 2, 2021 and pursuant to Hard Rock and Metals Mining Rule 1.4.1(9) the review time may be extended
and a new Decision Date set, not to exceed 365 days from the date the application was filed. Your request
exceeds the 365 day time frame, therefore the full 90 days cannot be approved. The Decision Date for your
application has been set at Thursday June 2, 2022. This is the final extension request that will be granted.
Also, according to the Rules, a decision must be rendered on the application within the 365 day time frame.
If the materials required in the June 9, 2021 Notice of Deficiencies as well as the approved San Miguel County
Permit are not submitted prior to the Decision Date your application will be denied. Please submit the
required materials by Monday May 23, 2022 to allow the Division sufficient time for review. If you have any
questions or concerns please feel free to contact me at the Division’s Grand Junction Field Office at 101
South 3rd Street, suite 301, Grand Junction, CO 81501, by phone at 303-866-3567 Ext. 8187 or by email at
lucas.west@state.co.us.
Sincerely,
Lucas J. West
Environmental Protection Specialist
So, what's to be done? What are the "deficiencies"?
I think the issue with the Colorado permits is about the San Miguel County Permits and the motion was passed 3:1
This was posted on HotCopper and it shows a video of the San Miguel County Hearing which is 1.15hr video.
Watch video from 17.15min to 1.30hr
https://sanmiguelcountyco.granicus.com/player/clip/154?view_id=1&redirect=true
Updated 16 March 2022 Minutes
https://legistarweb-production.s3.amazonaws.com/uploads/attachment/pdf/1286097/BOCC_COMBINED_Packet_Wedding_Bells_Mining_SUP_3-16-2022_small.pdf
My view on this, within this context with all it's permits and other liability issues, is that the drilling permits give the holding more value and it should be sold with those proceeds then being focused on the AUS base. Less is more, far more - less distraction & all those spread out costs to both capital and time. What THOR have in AUS is more than enough for any junior.
Or maybe not sold but a farm in partner, the thought of having to raise to drill and not be successful could set us back too much.
Full steam ahead on Australia lets get some metals to the refinery and cash in hand.
A farm-in would be good but that still requires a level of proofing and that May to Dec timeframe is!!! That said it is a historically known deposit and Uranium is hot enough, at the moment, to perhaps entice due to permits a certain "It is what it is" level of interest.
I think this is the problem Mick the Drill hit, we know what we have got got or think we have got and we are not letting it go cheap but in the meantime the cash in hand runs dry and we pay the price through dilution whilst this pontificating took place. In effect the raises were just keeping us liquid whilst we drilled a few more holes for the fun of drilling!
At some point they have to say this is not in shareholder interest and let something go to realise price elsewhere.
I want this between 3p to 4p by the end of the year.
The Sun will go Nova well before this gets to 3p.
Hi, Diadulus @12.49
I'm with you on this. "Greatness springs from limitation," as someone once said.
Best wishes
Hi, Paul
For these small explorer companies, a joint venture of some kind is the best way to monetise the assets. Presumably, this thought must have passed through the minds of our much esteemed chairman and CEO, as neither of them is entirely stupid.
Best wishes
Evening Impy - are you in OMI like me??? I think you said last time we chatted. OMI have JV partners and are in a very strong position. I'm also looking for something like that here as there is so much to go at - not just gold and tin like OMI!!!