LYC delayed may put more pressure on REE price on top of possible same headache face by MCP.
i have to admit that our REE results so far is not as impressive as other by comparison but having said that, GBE is hunting the higher end of the basket -HREE-, and we have merely touch the ground as b4 the chinas on board, GBE is cash strapped.
with 12,000 m drilling commenced last quarter, drilling results will start to flow thru the pipe.
Dudeco1 is right, Mt Muambe Flouride+HREE, Salambidwe NB + REE and Machinga HREE currently is valued at zero dollar based upon the SP. On top of the Kanyika NB Tantulum which has NPV of 150 mil+, we also have free carry uranium in Livingstonia with current JORc @ 6mil pound.
Market seems to recover from EU crisis but funding uncertainties will still reamin a cloud the mining sector in coming quarters. with 45 mil cash in the bank menaing no worries of funding difficulties and further dilution crisis at least for a year or two....
GL all and happy tradings!!
GBE Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held
