Ann: PNG Project Sale, page-71

@mal230355, think he's got his wires crossed. Was me that said that. Disappointment does that to you lol !!

I just said that the company has paid for the tenement and paid for the historic drill results, dug a couple of trenches and that's about all as far as I can see. Yeah, might have had it for a few years but previous management appears to have been clueless and just dawdled along. So why did people think that is was worth a bomb. Just wishful thinking as you note.

Better to be out of PNG and rebranded as a REE play. Right place, right minerals, right time.

LTH's will take a bit of time to digest this but it is all for the best imo and they will see the value longer term. REE will be getting press this year as China might get nasty and if they support Russia and get sanctioned, what happens to their REE supply (which just happens to be the lion's share of world REE supply) ?

All of a sudden, we could have a critical shortage of REE minerals. SP can then only one direction.

Would that have happened if we fluffed around kicking the dirt in PNG and not gone in another direction ? A resounding NO.

I have another REE explorer that has tenements in the good ole US of A and they say they might have the largest REE mine in the country. Biden administration is keen to reshore critical minerals supplies so their share price has gone up 200% in the last 6 months ! Not skiting, just saying watch this space because REE might be the next lithium !!


Cheers