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I think the mrec rns will be announced first! Major milestone!

Mixed rare earth carbonate information to be announced around December time aswell, really will start giving an idea of what this could be!

The interview is on the proactive investors youtube channel mate, can't share the link..

Just one thing to add. Drilling hasn't started yet as they are waiting for the harvest season to finish before beginning so as not to tick off the farmers.

Good summary richy. All looking very promising.

New stockbox interview on YouTube aswell, sorry, can't seem to share the link again..

Hi shipwreck,

Yea i just meant it in a rough guide to what production etc would look like, if that's what a 13million ton resource produces then if cobra can define a 100 million for example it gives an idea of potential returns, mine life etc hope that makes more sense

I should of clarified myself better yesterday, I was abit confused by your mine life. Have a look at altona rare earths, they produced a mre and scoping study im 2023 and it gives an idea of what cobras could look like. Think it was a 13 million ton resource with an estimated mine life of 18 years, processing 750000 tons a year and producing 15000 tons and saleable product. Worth a read for some context.. thanks gla

OK I see, thanks for clarifying. Think I got confused slightly then haha

Hi lord, are you saying you think they will produce 45 million tonnes of saleable product a year? Most companies I've looked at produce in the thousands a year.. if they can define a resource anywhere in the 100s of millions that would be outstanding for everyone! That's why I think the terms 'multi generational' and 'your apart of something special' have been used in news releases. Just my opinion, like to hear how you got to your figures? Thanks

Should also of said they have already installed a well field so they know what the costs are and its ready for the pilot study to see how the bench scale tests compare with in the field when they get the approvals in place. I did ask how much more they would need to raise to get it to a stage where it's mineable. Whilst he couldn't give me actual amounts, Rupert did say that because of the ground conditions being clay etc it's very easy to drill so costs are much lower compared with hard rock mines etc. Hope that's kind of helpful. Like I said though, watch yhe videos of their website, explains it much better than I do

Have a watch of the latest company presentation ben, gives you a good idea of what the infrastructure will look like, very low impact. Processing facilities would be needed to process the solution to a mixed rare earth carbonate.

I think when they said multi generational, they meant longer than 10 years.. think in an interview Rupert mentioned being able to define a resource of between 50/100 million tonnes relatively quickly. Just assuming, but having defined 33kms at boland they have a reasonable idea of what tonnage they should be able to achieve with the next drilling programme. Also in the latest company presentation it's mentioned that 2000kms of the land tenements they have covers more of this prospective geology, so like the golf resource I expect whatever resource that is defined early next year to grow with more drilling in the future, that's why I think the term multi generational was used.

As for income per annum, think we need to wait until they produce there mrec then we will have a much better idea of what future income will look like.

Just my two pence worth.

Think Rupert said they'd be doing a video going over the questions in detail, so I don't think it matters whether you post here or not.. that being said I got a very quick response with detailed answers and links to other materials that helped regarding my question. Excellent comms

Agreed. Very informative video! Always enjoy these videos, i find it very useful.

Ah I didn't know that. Thanks

Corporate presentation and q&a released today, not sure why it's not showing up here, im terrible at sharing links so go to there website if you want to watch the video. Also, I'd advise anyone interested here, sign up for email notifications for news from the website, saves missing anything when lse isn't updating correctly. Gla

Agree. You'd think they would of nailed down exactly where they wanted to drill over the past months while waiting for the test results to come in as they weren't personally doing the testing themselves.. who knows why, maybe they decided to increase the drill area on the back of the results.. or there could be a delay in getting the contractors on site. Whatever it is hopefully we hear something next week and keep the interest and momentum going the right way or this will carry on drifting. Gla

Gold assest covers the MC up to 3p at least.. rare earth play still being thrown in for 0. So much potential to be realised here in my opinion. Would be good if david clarke did the interview with Rupert again, be interesting to hear his take a few months on from the last one they did together. Gla

I think alot of the work needed for that is being done now. Like Rupert has said in interviews he's done, they wanted to show the economic benefits upfront which is why they have done so much testwork before commencing the drilling. The geo guy on YouTube said most companies go the other way and drill first, test second, so hopefully this speeds up the end process, and having the wellfield in place ready for the pilot study in the field all helps. I'm very impressed with what they are doing and can't wait to see where this might be this time next year. Gla

There he is.. What is your issue with this company? They are running tests to prove this theory and those tests are proving it, the numbers don't lie. If you can mine uranium with isr you can mine rare earth's with it.. and they've proved that! I guess david clarke is throwing away those 100s of thousands of pounds on fantasy..