8:1
Looks like i'm not he only one who thinks that the latest announcement is full of promise.
3,918,650 shares on the buy side, 471,617 shares on the sell side.
The Chinese are fully committed to the renewables/electrification push.
They are making a squillion out of it, using REE and Lithium to produce cars, solar panels, wind mills to a gullible west.
They are looking to add to their inventories/projects and are more than willing to manipulate the prices of REE and Lithium and pick up projects on the cheap.
Its not as if Peak is the exception here.The REE price has been smashed which has effected the valuations of all REE Companys including Peak.
Lets not forget the fundamentals here people.
We have the best undeveloped REE project in the world and possibly a world class flourspar deposit.
Looking forward to the next lot of drill results which should tell us the extent and depth of the flourspar deposit.
“We are extremely excited by the Breccia Zone assay results. The fluorspar intercepts are
very high-grade relative to other global fluorspar projects and the Breccia Zone has the
potential to be a globally significant fluorspar deposit. The rare earth mineralisation
intercepted in the northern trenches is also very encouraging. We remain of the view that
the Ngualla deposit can support a world-class, multi-commodity and multi-generational
project.”
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- Ann: Breccia Zone Trench Samples - Assay Results
Ann: Breccia Zone Trench Samples - Assay Results, page-23
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