Member Info for GLR1990

Ah yes you are right marge I was combining the PFS and the DFS

PFS should be around $3m USD, DFS likely $10-20m USD (MKA $15m and Arafura was $20m)

US will likely fund both IMHO, but may be in stages.

5-10 year exclusivity - $3m initially for the PFS

Then $10-15m for the DFS if the PFS checks the right boxes.

And ofc, theres a LONG way to go and a lot of headaches and hurdles to get that far (plus anything can happen macro wise)

But I am simply saying there is a path, just like when MKA was 2.5p (recently hit 72p)

The Project NPV of the Rare Earths at Monte Muambe are $286m USD

With a high content of Nd Pr ($110KG Offtake US with MP Materials)

Good contents of Dy and Tb (Important for Magnets)

At the current market cap of £6m (~$8m USD) worst case scenarios

- Sell the asset for 10% NPV, absolute bargain in this territory and environment ($28.3m) or £20m GBP / 7.5p per share

This is the worst case scenario IMHO

Best case

- US investment of between $15-20m USD (again 7.5p per share) to fully fund the PFS for offtake and security of supply

- Conclusive PFS allows construction financing to take place, likely from the US or a US partner

- The project would then be worth a lot closer to the NPV, $283m USD (will be dilution of course)

- List on NDSQ at $200-300m valuation end of 2027. (50-75p per share)

Long way to go but * could * happen, think most would be happy with 2-300% returns but there's a path to 2000-3000%.

Each plant has an estimated NPV of $600m

7 plants = $4.2bn

40% to MKA $1.680bn

60% to CTH $2.520.bn

80/20 on the global tech which could expand to Korea, Japan, Canada, ME, Australia....

The technology to the test could seriously fetch several billions

Market caps are $200m / $100m respectively (MKA/CTH)

Not a problem :-)

US will likely take a stake here I believe, there's actually not that many 'listed' stocks with huge deposits when its all said and done

Market wont know much about it until it comes, suspect we will all do very well here in due course.

Full PFS funding incoming (IMHO)

Sorry Bear is making a case!

:-P

Bring on Barb!

Superb RnS that folks, suggests management have got their optics sorted for a good deposit spot.

Nice bits of gallium in there as well... curve ball

We are all focussed on the gold project which is absolutely correct... but Barb is making a case!

£80K whopper delayed (4m)

Hmm... I've been to this rodeo before.

If that's the case then 10p+ with relative ease

But one could argue it should be 5p already on no news, just based on average movement of 1170% in the sector. (bit less after today...)

OTC listing will give it a nice boost.

Depends on the details ultimately, if they fund 50% of the PFS and we have to find the rest, thats OK most will back that via equity so I would suspect 4-5p on news such as that. (which is only around £10-12m market cap)

If they fully fund the entirety of the PFS (which one hopes and expects) then the next Q is how much of the project do they want to own? 25% / 50%? regardless the amount required to conduct the PFS would probably be in the region of $10-20m so immediately that would send the stock soaring by 2-3x, if the US then had an option to construct post PFS (which they will) and take offtake (which they will) for say 50% of the project then since the path to production is set I would be shocked to see this trading any less than 20p per share. (£50m cap undiluted)

Yes that sounds a bit crazy right now when its 2p, and there's a lot that needs to happen so lets stay grounded (pun intended)

If they do a deal for the gallium as well then I will fall off my chair at the price.

DYOR and not advice.

What's with the constant barrage of delayed trades?

Reminds me a bit of MKA before we got the Talaxis Money

Oddly around the same price (2-3p) and same shares in issue (post funding albeit)

Different ball game then and now ofc, but a couple of similarities. Not saying it will play out the same.

Agree 42 but I would stress, how the UK market perceives and decides to trade REE Is irrelevant when you consider

- Very strong confirmed US interest

- Dr C was confident when he said when the US engage, they rarely dont follow through

- US Rare Earth stocks are up on average 1179% (top 20)

- OTCQB listing to gain access, especially when the US do give us some funding?

- Diamond in the rough, Gallium JORC. This is huge, Gallium was one of the original critical minerals China blocked via Export controls.

- Fluorspar for good measure / downside protection

I really cant believe this is only £4m cap with the macro-economic foundation, it is truly absurd. I am buying aggressively before the US get a hold, nothing against the UK market but the objective of every stock now IMHO should be to attract US investors and eventually move to the US.

This is insanely undervalued given the movements in the market

Lets just ignore economics and potential for now, the average RE stock is up 1175%

Altona 26%!

Come on UK market seriously! Are we that risk averse!?

Yep was a huge concern, especially if it all came at once at 1p a share for example.

That didnt happen thankfully, cedric and the shrewd investor are working together, nice to see everyone aligned.

This really needs the US investment, they can keep building the case for it of course, but the bet for me is really can they get US interest, and I think they can get something material shortly. Its a sizable asset worth exploring and conducting a PFS and I think the US will want to back it.

For breakfast (Today)

Gold for lunch? (December)

Superb collaboration from Cedric and the shrewd backers here at Altona

With the looming debt extension now out of the way, the company can focus on the SP driving value in the strategic assets

Rare Earths?

I am sure the US DoD of DFC will have something to say about those.

Obv its a shame as we were pricing in £1.3m 1911 investment and we ended up with £700K, so anyone who invested based on the extra £600K will feel very dissapointed today but the reality is they bought an asset for 0.06 and sold it for 0.72, thats a lot better than I could do so you have to give managment credit.

Plus, an extra £600K is nice but its not going to multi-bag the stock, the only way this multi-bags is if the asset we hold 100% of right next to 1911 gets explored and shows similar results.

1911 is now $200m market cap and we have an asset 14KM away, we are also in partnership and can use their expertise.

Vs our market cap of £2.5m, theres a long way to go if this '1911' asset shows potential, and as soon as it does comparisons and new expectations will start to be built in.

We've got over £1.2m cash! That is something to celebrate, and a really promising asset right next door to a stock which cannot stop moving north.

Agree Fergal I have added more today, also you dont buy £130K worth in a nanocap period unless you are very sure.

Would be extremely difficult to exit that position if the news flow is not positive, big things coming here I suspect.

Anything can happen of course, but there's only a few nanocap gold plays around and this one looks to be heading the right way with very positive signals.

They haven't got the cash yet, said will be doing a raise this week or next BUT here's the positive.

Why would you buy open market (0.5-0.6) adding 1.8% if the company was raising at a similar price, why not give the company the cash instead?

So something is afoot here... not sure what, but its good enough to be buying open market around here so it must be positive. IMHO DYOR.