Member Info for Shakeyerbooty

From drilling 40% of the surface area we know that recent assay results concluded that we had a record fluorspar intercept with consistent commercial-grade fluorspar.We also had Gallium results that exceeded expectations and an MRE is due shortly.Today we have been notified that Heavy Rare Earths have been identified from samples taken which are significantly scarcer than light rare earths and carry a higher strategic importance.The Company states it has strengthened its positioning and leverage with the US government and its development strategy (definitely a hint there that more US monies will be coming in).

Combined with the USTDA grant already received,Main Market listed,US listing approved and even with all warrants being exercised we would currently still have a m/c of less than £20m.The London Market is missing a trick here and it's no wonder companies are leaving.I mean you could buy a half decent Championship footballer for that amount.

Fantastic news.Schlemiel,seeing as we've invited qualified US firms to submit proposals re the RFP and we've already received a grant from the USTDA,I'd say that was a given.Seriously looking forward to the upcoming MRE for fluorspar & gallium.The grades for these critical minerals seem off the scale here.

I wonder what the US would pay to break the Chinese monopoly over gallium.I can smell more US money coming to REE.

All documented in RNS 26/3.

Personally MrP,I don't think it will be as early as that but I still see this gaining momentum next week.

That 8.9p was before the recent excellent assay results as well.

I agree Marco.What we do know from the recent assay results is that we had consistent-commercial grade fluorspar and that gallium results exceeded expectations.I believe the MRE will surprise people in a positive way and this from only 40% of the surface area.

We know about Aim Mrgamgee,but this is Main Market.

Month end is tomorrow. I'd be happy with 56p tomorrow lol

Ha ha. You don't even know what market we're listed on.

Interesting figures BB.AI is currently saying that fluorspar prices are stable between $480-540 per ton,so those figures would be even higher.Depends what they use for the MRE obvs.

CK-I'm not disagreeing with you.

Pacman-So we're basically saying that for fluorspar every 1mt is worth £373m approx.

CK-We are Main Market,not Aim.

Pacman-Would I be correct in saying that at approx £373 per ton (say $500),then that would be worth £10.4bn?

Daltry-Of course but there's no harm in showing potential new investors reasons to invest.As for taking advice,I'd rather read the RNS's.

Daltry-What's unrealistic about those excellent assay results?

What's unrealistic about the US Gov't supporting the project with finance?

What's unrealistic about the fact that a MRE is imminent?

What's unrealistic about the fact that this is one of the few exciting Gallium prospects outside China?

What's unrealistic about the fact that we've only covered 40% of the surface area?

What's unrealistic about the fact that these were potentially commercial grades at surface suitable for open-pit mining?

The only thing stupid here is the crazy undervaluation which is typical of the London market.It does,however,present an excellent opportunity for potential buyers at this level.It did seem yesterday as if MM's were running on fumes and maybe they see today as an opportunity to gather shares for the next push upwards pre-MRE.Seen it all before.

Cedric is in the US spreading the word.Short term demand will come from UK investors who have got an enviable head start (I know US PI's can invest,but not many will have heard of REE yet).We have potentially one of the largest gallium & fluorspar deposits outside China,both critical metals.Hopefully the MRE will confirm this and this from only 40% of the surface area suitable for commercial open-pit mining.The word 'commercial' being used in the latest RNS.When you look at SML with a m/c over £110m and no MRE yet (although imminent),I can't help thinking that the likes of Zeus's price target will be blown out of the water.Allowing for even 500m shares in issue eventually the same m/c would give us a price over 20p.

Aston-It only listed over there on the 19th.Cedric is in the USA spreading the word.You tend to get this with small UK co's initially.

I believe the MM's are running on fumes here.If Cedric is spreading the word in the US,I believe we're in for one hell of a bull run.

SML with its world class tungsten/tin project has a m/c of £123m with MRE imminent.Our m/c is £12m with potentially a world class gallium/fluorspar project and MRE imminent.It just shows where this should go.