Member Info for Shurething

And: https://www.researchgate.net/publication/335382249_The_Gakara_Rare_Earth_Deposit_Burundi_geology_mineralogy_U-Th-Pb_dating

And.... https://www.mindat.org/loc-26487.html

For those who need more information:

https://www.investegate.co.uk/rainbow-rare-earths/rns/updated-jorc-exploration-target/202010080700044391B/

Rainbow appear to have a lot of unexplored (or underexplored) ground in the Gakara licence which, according to their publicity, extends to 135km2. The ground is hilly with a well-developed drainage network. In order to ascertain the extent of the rare-earth bearing veins the initial exploration programme could involve drainage course 'float mapping' together with bulk sampling of drainage sediments, collecting bulk sieved coarse fraction stream sediments. Just an idea - but a quick orientation phase in the vicinity of the known workings and both upstream and downstream of them would provide invaluable information. 135 km2 is a big area to cover any other way - at least at the initial exploration phase. They would of course do this at the same time as mining in the already established occurrence areas.

Agreed .... nor the nature of the Burundi occurrences. With mechanized excavation they can be more systematic in their approach to mine planning, mining, producing concentrate and stockpiling.

I feel these will tick back up to 11 by COB. The placing (at a far lower price) may have an effect but probably not as most investors are in this for the medium to long term.

Strong feelings about this one!

Back up to 10 plus

Ticking up nicely

Should rise from here

What Steve says is spot on. It is the very 'lumpy' nature of Welsh gold that means that individual assays are of a lesser importance than would otherwise be. It would be a chance in a million to hit one of these lumps during drilling. The interesting and exciting news is that they have identified an extension to the auriferous quartz veining.

Due for a steady tick up

Fantastic - Agreed .... great news. They've been looking for this for decades (on and off)!

Looks like they've bottomed for the day

The world's problem is one of ever increasing demand for the REE's - more specifically the medium to heavy rare earths and a finite supply. Economic levels of REE's are principally associated with: 1. alkaline igneous complexes and associated carbonatites (only a small proportion of which contain currently economic REE) and 2. certain types of pegmatite (but these occurrences appear to be extremely rare). Sub-economic REE are principally associated with layered or fractionated alkaline intrusions. In summary therefore, as I've said before, 'hens' teeth'!

The key point is that REE can occur in gypsum deposits. In terms of a general overview of REE this link is very uesful. https://www.cambridge.org/core/journals/mrs-energy-and-sustainability/article/rare-earths-a-review-of-the-landscape/4F699CE5A563C492E7E654FDA4D0D78E/core-reader

https://www.sciencedirect.com/science/article/abs/pii/S0304386X1730498X

The reasoning for this argument is the amount of unexplored (and under-explored) ground they hold.

As several have posted - nobody really knows. However, they COULD be worth a lot more than their present capitalization ... e.g double or treble their current valuation.

For nearly 10 years now Western governments have been concerned about China's position in the REE market. Rare earths are classed as critical metals and any company holding significant resources at economic grades is bound to be on the radar of serious institutional investors. https://onlinelibrary.wiley.com/doi/book/10.1002/9781118755341