Ann: Roe Hills REE Project - Excellent Metallurgical Recoveries, page-3

REE's are forecast to really take off in the next few years.

If this deposit continues to receive good meteorological test work and proves up to be a very large deposit then KAI could well be many multiples of it current share price in the not too distant future.

The REE grades they have been receiving are very solid and are much higher grade than most other clay REE deposits in Australia so far.

The thing to look at is that the REEs are free and we have 1.6 million ounces of gold in the ground that is currently immensely undervalued especially with today current gold prices + its open in nearly all directions!

Managment have very clearly stated that they are looking for a JV partner or even a total sell of the gold deposit which would either lower share holder dillution as the JV would probably be fully funded by the other party involved until the final decision to mine

or,

KAI will have PLENTY of cash to invest in defining a very large high grade commercial REE deposit. This may well happen once further REE meteorology and drilling has been defined.

Either way at the current SP of only 1.1 this stock IMHO has plenty of room to run upwards and deliver some solid profits!


GLTAH+DYOR