Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Thanks for the post and twitter link PG.
It's great to see the massive mineralisation.
Would you know how this hole was drilled directionally? I.e., was it drilled towards the blacklined initial MRE area and could it then be that the 342m @2g/t is directly under that area?
Just trying to get to a 3D picture here.
Thanks
MS
you are a laughing stock Temuchin,
First you blame ShaunP for posting his research and views on the revenue etc on which you claim to have invested here, and now you again ask this BB what is going on.
What a joke. Take responsibility for your actions and stop asking people what they think so you don't have to blame them later if things turn out differently.
MS
Brilliant post Montmuzard.
Please post this on every Russian website you can find AND send it to Putin. Maybe also send it to the orange man just to speed things up. Democrats say he's got a special line with Putin so why not.
MS
Interesting, why would that be?
MS
Nope, didn't miss the point. Still bizarre.
Someone is confident LoL
MS
haha, now we can't use the word 'confident' anymore because it's bizarre....
What a joke.
MS
Temuchin, did you really just blame someone else for your own decision to invest in this share? Really??
That must be the dumbest post I have read in a while.
Take responsibility for your actions man. Get real.
MS
Posted this morning by Larry. Great find.
https://twitter.com/Larry64450205/status/1359374689202802690?s=19
Hope you don't mind Larry, just changed the title to be more catchy.
MS
at 17.55 yesterday.
Someone is confident!
MS
There are 3 nice trades showing at the top of the trade boards. Someone is confident at 24.5 p....
MS
Share interested, the volume just isn't there for that to be the case.
Am getting really tired of these constant drops but it will turn as the intrinsic value is there.
MS
I have to agree Beast, makes no sense to go for a JV at this stage. Especially when the company already had an offer from Sinosteel about 1.5 years ago.
Only way out is sale.
The reason the BoD chose the sale route is because they must have had indications from buyers that it was an option. That's how it works in real life, you put feelers out and when they're turn strong enough by serious candidates than that route becomes an option.
If for whatever reason that doesn't play out well you return to your best alternative, which is the Sinosteel deal, but not a year into the FSP. If that would be the case it would have happened in the first months of the FSP. Indicative value discussions happen very early on. The non binding offers are just a step to the binding ones. Have a look at the DLA PIPER term sheet scheduled. Bog standard and logic progress.
As for the +40p group, have another look at the ACF valuation report I posted yesterday. 60p on just WK, which was a year ago, before DFS AND serious increase in metals prices AND license expansion.
No chance this will go for less than the ACF valuation with a serious mark up.
As for the zero value on MT, no chance either. There has been drilling done before and several companies know the area very, very good. So, although a lot of extra work is still needed, there will be a value on MT. A serious one as well. It will be a serious discount to the potential total value, sure, but a serious value non the less.
Have a good think about the above. It's the only way this is going to play out, regardless of what we as PI want to happen. The signs are all there.
MS
The reason I brought it out was to share the opinion of a research outfit on our company that is almost a year old and has not factored in the changes to Metals prices nor expansion of potential. I'm sure it hasn't factored in anything about the issues with covid and South Africa either.
Therefore, sitting at 0.28 per share (50% discount to the ACF valuation of last year) seems a joke and almost a guarantee of minimum doubling your investmemt at this level.
This is my view and not investment advise in anyway.
MS
Following the discussion on the BB this morning, there were several references to the ACF valuation of EUA being £0.60 per share or £1.7 bln in total.
For who didn't see this valuation please follow the link below and scroll down.
https://acfequityresearch.com/eurasia-mining/
MS
Troublesome, I think you got that wrong. They are living up to their reputation hence we are in this mess!
MS
If anyone is still in doubt how strong the demand for testing is going to be in the years to come, have a read of this.
https://www.bloomberg.com/news/articles/2021-02-04/when-will-covid-pandemic-end-near-me-vaccine-coverage-calculator?sref=zFmdEBXN
At current rate of vaccinations it wil take a staggering 7 years to end THIS pandemic. Let's hope in the mean time another one doesn't start....
Diagnostics companies like ncyt will become the fabric of our health system, globally.
This is going to be a lot bigger than most people dream of.
MS
Classic Tilly. Absolutely brilliant.
Especially the last advice . LoL
MS
some idiot set their buying algo to 7 shares instead of 70,000.
LoL
MS
Calimera, you sent the correct link but it opens just above the tweet that you refer to so it's not immediately clear and one has to scroll down to see what you refer to.
No worries, all good.
MS
Hause, GGp not tiring. Just an uninformed market reseponse to the solg RNS.
Also nothing to do with EUA. LoL
MS