Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Lol Richteex, what value do you put on this if S 1/2/3 come in? Actually let’s break it down, if S1 turns into more oil?then what price? If S2 hits 300bopd? What price again? Then if S3 hits???? Who knows where this could be, that’s without the santos factor. All these compounded in a few months. If this is on the up not every placing is at a massive reduction, or for that matter a reduction at all. Is 0.6p that far fetched in your view, because it definitely isn’t in mine. I stick by conservative if even some or all above factors bring what is promised.
Even just to mention the horizontal wells at Welch is very very positive, I feel, and this is only my opinion, that the horizontal may be back on the cards and further advanced than we think. Otherwise why mention it at all?