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Oscar,

Absolutely, CS summed that up today:

"Cedric Simonet, CEO, commented: "The publication of the Monte Muambe fluorspar and gallium MREs represent an important and transformative milestone for the Company. The results fundamentally revalue the project."

They have also on top of the reserve/resource highlighted the future upside from nearby targets for all of these resources. I expect going forward for the traders to be replaced by more and more investors, perhaps even with US accents.

Regards,

Ed.

Cyber,

Definitely, thught it was mainly going to be resource today rather than reserve. To see so much measured already is very positive. Its looking like the flourspar/gllium may outstrip the light REEs for value, especially when the HREEs come into play in the near term. Total size of the gallium potential of up to 40Mt of ore could be multibillion (if it turns at 50g/tn that would be contained metal of $4.2bn) for a byproduct! So it looks like we have two $multibillion projects ongoing. Market cap circa £20m. Love the look of the plans for Q2 and Q3 this year too!

Regards,

Ed.

Oscar agreed. Its very likely the online conference to the US is to discuss developments including the imminent MRE. So to have the conference and the 3 day Q+A suggests MRE likely very positive and using that to attract significant US interest. Looking forward to next Tuesday too!

Regards,

Ed.

Agreed guys, great to see Cedric holding a presentation mainly for a US audience next Tuesday. Interesting that he has waiting until the UK market is open again too, so perhaps not exclusively for US investors. There could be plenty of bigger fish in attendance at that conference. The timing does suggest that its going to be combined with the MRE on the high grade flourspar and gallium. Exciting times for sure.

Regards,

Ed.

Neometals sure have estimated a lot of Potash in this area! As you say OAP worth investors keeping an eye on them. Their report today certainly was detailed.

Regards,

Ed.

Donal,

Yeah I know what you mean, those devolved governments seem to be even worse! Unfortunately we could do with a lot more sensible folks in politics these days.

Come on Will show these politicians how its done and get that EG JV approved. Barracuda to be drilled this year, lets be seeing some action to make that happen!

Regards,

Ed.

SC,

Yes true, there are the preferential shares for any ICSID award. However with the 7.8m Euro claim against Geoenergo, the current oil/gas/helium/brine wellstock asset in the USA, the market cap here is well covered already imo. So any decent % win of the 656m Euro ICSID claim could be material even at 10% of the award. Not long to wait now to find out. I've taken a punt previously just really for that reason. I had these on my watch list when I could have taken those waves of preferential shares but didn't want to be tied in here.

Regards,

Ed.

Its really not that long since we were bouncing around 3p and above on anticipation of assays. Market is just a little more cautious this time, but since the company has now agreed to proceed with the option over Molly impact could be higher at 100% interest. I'm still really looking forward to the results this time given the pics the company has been sharing. Fingers crossed the assays from Molly get us back on track again and brings back the market momentum.

Regards,

Ed.

Donal,

Don't worry that will be offset by the lack of North Sea production apparently! Here is a funny story though, a few year back I watched a documentary by some of the climate zealot tv channels, can't remember if it was BBC or Channel 4. Well I'll not force you to watch it, but Drax is considered green energy as the biomass or wood pellets it burns is classed as renewables. The problem was though that it produced more carbon burning those pellets than it did when it was burning domestic British coal! But its still considered green energy. I guess its the same sort of green energy as importing LNG vs producing domestic gas! As long as Mr Milibland orders his LNG from EG in 2027 I don't really mind that much. :)

Regards,

Ed.

Don't worry Mr Milibland you'll not make one jot of difference to saving the planet, you'll just be passing tax revenues to the Africans and the UK consumers will just have to suck up the cost of importing it from them. Good luck in the elections! :)

Regards,

Ed.

Willy,

I'm not overly surprised that you faced a negative backlash to your posting. You will find that many here see the multibag potential of REE vs others in a similar space on the LSE/AIM. Cap here is tiny compared to the likes of SML, GMET, PRE and MKA etc. There is a lot of hope priced into those companies except for PRE who are at the mine development stage. Imo REE is likely to be in production before some of those too.

You will find that not all miners go down the M&I and DFS/BFS route either. CMET for example know they have a multi generational resource and are not wasting time/money on infill drilling for DFS. Likewise here for the flourspar, Cedric mentioned in a recent video that they're going for the MRE then scoping study and then FID estimated for year end on the flourspar gallium. Not going to be much in the way of reserve drilling for the sake of it here either.

Forensic's £170m target I certainly don't see as unrealistic in the future, probably when the REE's are almost in production rather than the planned flourpsar/gallium mine. As the company has said there's a lot more opportunity on the current licences to expand in the future on the REE's and flourspar and that doesn't account for any added valued that may arise from acquisitions/JV also hinted at. I'll also be watching out for what comes of the current DFC talks too.

Regards,

Ed.

Tbcx,

Well its likely she sees the same potential as the rest of us, potential is huge, especially if these tungsten occurrences are found right along the 4km potential strike length. We'll know more after the trenching and drilling. So far its all at surface/shallow so will be interesting watching how things unfold over the next six months. Looking forward to how Ed goes with his May trip to Washington some grant money would go down a treat. Hopefully he'll be going over with some more strong trenching and geophys results.

Regards,

Ed.

Good to see the company maintaining momentum as promised. Lots of shallow RC holes coming from July and pads being prepared next month. In the mean time we have to watch out for the geophys results and trenching assays. Going to be busy months ahead, looking forward to seeing where the price heads between now and the MRE.

Regards,

Ed.

SM,

Yeah they've been doing that most of the morning, keeping the spread wide and reporting buys below the mid. Only in the last few minutes have the tightened the spread to 3.6-3.7. So at least currently not trying to hide the buys. They'll want to get some stock in before the flourspar/gallium MRE comes in "very soon".

Regards,

Ed.

Agreed guys, great to see that there's now, not only the separate TREO discovery that they got the US grant for but we now also have TREO/HREO both mixed in with the flourspar and gallium. They're looking to include that into the flourspar production flowsheet too. That will perk up US interest in the flourspar resource now too! Great stuff, it just gets better and better. Looking forward to seeing what happens over the rest of the year.

Regards,

Ed.

Great news guys. Looks like they are making preparations for US backing. GMET, REE and BRES all got gov grants, GWMO closer to GMET too with our assets in the USA. Listing should come right before the June drilling too but after some more trenching. As others have said today, hopefully trading at a new level before the yanks get a crack at our small cap.

Regards,

Ed.

The news on the award vs Slovenia. The company has a claim of 656m Euro vs Slovenia and there's an update coming on the 30th regarding their case. they have multibag potential depending on the outcome of that. The current helium/oil and gas/brine mineral assets pretty much cover the current small cap as well as the small award they're awaiting payments on imo. The case Vs Slovenia is the big one and why I took a punt here, hopefully for a quick win.

Regards,

Ed.

That hasn't stopped the likes of Kenmare, Vulcan, Montepuez et al as the more knowledgable on the board will already know about.

Regards,

Ed.

Umaz,

True, it'll be the assays that have the most impact. But there were some very juicy statements in there regarding the potential for significant resource upgrade. The most notable was this:

"Step-out drilling was also undertaken to the west, including the Molly 2 target, as well as to the east, with early indications suggesting substantial extensions in both directions."

I'm looking forward to seeing the results in April to see how good these are.

Regards,

Ed.

Schlemiel,

Yeah very true, sounds like there is a lot going on with the company right now across all of the assets. More drilling on the REEs for the met test work and they have lots more drilling planned for the flourspar too. Will be interesting to hear more about these partnerships they're building in the US and what they may lead on to. Its all heading in the right direction and it'll be interesting to see what happens to the share price by year end. MRE should be next.

Regards,

Ed.