ARR 0.00% 24.0¢ american rare earths limited

Ann: JORC Resource - La Paz Rare Earth Project in Arizona, page-8

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  1. 1,027 Posts.
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    I initially thought the claim that La Paz is potentially the biggest resource in North America was optimistic.
    But applying some crude maths their claim may be valid.
    Only 525 of 5143 acres has been explored.
    They have only drilled to 30m but will drill to 60m
    Higher grades of mineralization have been identified outside of the 525 acres of drilled area.
    In an earlier ann I believe they said the grades would be better at depth
    If this is the case then 10 times the area by twice the depth is a factor of 20
    But if the mineralized grades were to say double then the blue sky scenario would
    be a factor of 20 * 2 = 40.
    They may not have engaged in hyperbole at all.
    I am an accountant not a geologist so I would welcome a comment from
    a poster with geological training.
 
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