Member Info for Pacman72

Yes the average is approx $400k.

Just to temper expectations regarding the USTDA Grant.

This is a grant to support the pre-feasibility study of the rare earths deposit at Monte Muambe.

The USTDA is one of many US govt departments throwing money around in the direction of rare earth projects.

However the USTDA is a fairly small dept with a budget of around $80 million. It supports 100 -200 projects annually and the average grant is about $400000.

Some of the other depts have deeper pockets for more advanced projects and we may well benefit from this as the project progresses.

But we won’t be getting a $50 mill bump just yet.

Just for clarity MisterPositive, the TREO concentration of 2.42% is for the rare earth element of Monte Muamba.

The assay results today which were great btw are for the Fluorspar and Gallium. Another two value adding strings to this projects bow which makes it outstanding value.

What you also have to consider is that our 13.6Mt (which will probably grow) has a TREO ( total rare earth oxide) concentration of 2.42%.

Rainbow has Phalaborwa with 35Mt at 0.44% TREO and Uberaba which maybe twice as big a deposit as Phalaborwa and a TREO of 0.52%.

Basically our 13.6Mt has nearly as much rare earth oxide as both these Rainbow deposits.

Both great companies to be invested in but with Fluorspar and Gallium in the mix the value here is amazing.

All the pieces of the jigsaw coming together. Looking forward to MRE. How big will it be.

Been tempted back to the wild west by Altona after some hammerings.

Figured we are ok finanacilally with the funds from the warrant conversion the other day and the incoming greenback from the usa so no fund raise as far as i can see in the near future.

Drill results will be out soon but i think the yanks will have been given the nod as to what they are going to tell us and they wouldnt have hung there hat on giving us a grant if there wasnt good reason to think they will be far north of what even the most optimistic of us thinks.

Anyway, lets see a steady rise to the next hard deck and put these babies away to germinate into a might oak.

Good Luck