Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Chairman comment
“These results are spectacular “
Boom time Finally
Definitely going in one direction today
This RNS kind of has the feel of having found a bit of all sorts without having found enough of anything to make a fuss of individually, so simply try to make a positive of the fact there is the potential for all sorts still to be in the ground.
Cobalt looks interesting
Boom!
COBALT LITHIUM SILVER.
Boom !
Never seen results as good, amazing.
Excellent news. This will now be accelerated and looks extremely promising.
GLA
I have been invested in this share for years, every year it drops during their Summer (our winter) as everything closes down, it has never been this low while I have been invested - great RNS to start the drilling season
Zinc (Zn) grades ranging from 0.1% - 1.1% in hole 02A
o Lead (Pb) over 1% in hole 04A
o Silver (Ag) at 7g/t in hole 04A and 2.1g/t in each hole 03
o Nickel (Ni) 561ppm in hole 04A
o Cobalt (Co) 445ppm in hole 02A and over 118ppm in both holes 03 & 4A
o Lithium (Li) up to 184ppm in hole 04a and 161g/t in hole 03
o Titanium (Ti) grades from 4,100ppm - 5,100ppm in all 3 holes
o Barium (Ba) grades up to 2,288ppm in hole 02A
o Lanthanum (La) 178ppm in hole 02A and 79ppm in hole 03
o Vanadium (V) 395ppm in hole 02A, 451ppm in hole 03 and 514ppm in hole 04A
· High Potassium (K) 4.9% and Phosphorous (P) 0.4% throughout hole 04A
Mkt cap is way too low . Massive upside here
Won't be able to buy at this price for long
Lithium Cobalt Silver Titanium Nickel Barium Vanadium.
Government funded.
Will double in no time,
Massively undervalued, I’ll do very well here.
Plenty of stale bulls to leave first beforehand
Basin stratigraphy has been confirmed to be highly suitable for sediment hosted base metal mineralisation, similar to that at nearby Nifty (Cu) and Maroochydore (Cu-Co) and also the Mt Isa style (Zn-Pb-Ag) deposits.
🤔 Micro placings, new one dreamt up.
GLA
The big minng sharks will be circling
Folk here seem very excited by these results as does the market, but how many people here have compared these grades with the sort of cut-off grades typical of a profitable mine?
If you analyse down to a fine enough level of detail you can find just about anything just about anywhere... So how many of these drilling results would other explorers mention in an RNS?
I'm not saying that today's news is bad news, just that I'm surprised by how "good" others seem to be finding these results.
Remember of the mining company which found nothing throughout their exploration time, were on the verge of giving up and had one drill hole final stab - and landed with a major discovery
Good question, would be good to have analysis on how these grades compare. Seeing words such as spectacular, significant and incredible is a positive sign. GLA
@ SSweeney ... Just the first four metals mentioned
Zinc - good grades around 10% ... low but economic around 3%
Lead - good grades around 10% ... low but economic around 2.5%
Silver - good grades measured in kg/t ... low but economic around 100g/t
Nickel - good grades around 2% ... low but economic around 1%
Obviously each project has to be judged on its own merits based upon depth, thickness, accessibility etc. but the above numbers are very rough ball park figures.
HH I know what you mean, some simple Googling shows for example a cut off of 5% for a viable Zinc mine. Where WSBN show 1%, so no where near. "These results are spectacular" seems a bit over exuberant but then he's probably lining up the next placing to keep him on the gravy train.
Poulden will over- egg everything if it looks remotely extractable. Some of Last drill results were sat on for a while so folk would go away and forget the company until he could come up with a strategy to find some shiny bits.
Least he has some now.