RE: Rainbow Rare Earths finalising Preliminary Economic Assessment for Phalaborwa24 Aug 2022 11:47
I like others have felt frustrated by the time it has taken to get to a PEA but as a layman it seems that various tweaks (may I say of a major and very sensible nature) have been done/achieved which have benefitted RBW greatly and the process to extract and the capex required to achieve improved profitably. With some assistance from a poster on another bb, I have relooked/listened to the interview with GB of 6th July. In that interview, he estimated that the PEA should be finalised and released by the end of that quarter i.e. 30th September 2022. This ETA has very recently been extended for announcement marginally until end Sept early October.. GB, in the 6th July interview, thought that the share price might benefit from the announcement of the PEA wherein at current sale prices the market should see the numbers capex, profitability etc and have a clearer view of the potential value of RBW.
One poster earlier made the comment that through this year we have learned that RBW has been creating more irons in the fire than most of us who have been invested for a while could have foreseen say a year ago. In the view of others, shared by me, GB and AP are building a potentially very large business. Patience required imo.