REE 7.69% 1.4¢ rarex limited

Ann: CUMMINS RANGE RARE EARTHS PROJECT EXPLORATION UPDATE, page-56

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  1. 1,323 Posts.
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    I think the significance of mentioning the presence of "abundant Niobium in the drill holes" most recently completed,would be a signal to the more astute investor,to expect something special from the forthcoming round of assays.
    The Mount Weld deposit contains a Niobium deposit as a subset within a greater area of mineralisation.The elevated presence of Niobium/Tantalum appears to surround the high grade TREO portion of the deposit.As the Cummings Range deposit appears to be an analog of Mount Weld,I would expect a significant JORC upgrade in terms of size and grade.
    Whilst in terms of share price a lot of emphasis has been placed on the free-carried Gold prospects,I think many investors have lost sight on what the main game of the company is.
    If we were to eclipse the grade of HAS's "Yangibana" deposit and approximate its size,what value would you place on REE then?.
    We will have a firmer indication of this in coming weeks.
 
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