Cummings Range would have to be a stand alone valuation of $50 mill based on tonnage and grade.The remaining value would be assessed by Mr,Market in its appraisal of value. The indicated grade of 1.15% TREO an under statement based on the results of recent Drilling.I do not know the reason for this. Perhaps a placement at mates rates?. The DD program,as proposed,would cost in the order of $800k-$1 mill. Monday will be interesting.
REE Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
