Hi there Great people.
Idle hands today so I thought I might speculate as to what the JORC might reveal, but I also thought what would I compare it within the Rare Earth ASX listed companies
ASX Code: ALKALKANE RESOURCES LIMITED660,000t Total Measured and Inferred
$ 0.79 shares on issue 610,455,696 Making Profit
ASX Code: ARU ARAFURA RESOURCES LIMITED 840,000t Contained
$ 0.22 shares on issue 1,220,863,636 Loss Making
ASX Code: GGGGREENLAND MINERALS AND ENERGY LIMITED 4,570,000t Contained
$ 0.25 shares on issue 1,448,240,000 Loss Making
ASX Code: HASHASTINGS RARE METALS LIMITED 176,870
132,500 tonnes TREO including: 33,900 tonnes neodymium oxide, 8,950 tonnes praseodymium oxide, 590 tonnes dydprosium oxide, 930 tonnes of europium oxide
$ 0.22 shares on issue 1,231,681,818 Loss Making
ASX Code: LYCLYNAS CORPORATION LIMITED1,183,000t Contained
$ 4.90 shares on issue 908,163,265 Making Profit
ASX Code: NTUNorthern Minerals
8.98 Mt @ 0.63% total rare earth oxides (TREO) comprising 56,663,000kg contained TREO using a cut-off grade of 0.15% TREO .
$ 0.049 shares on issue 4,527,755,102 Loss Making
ASX Code: PEKPeak Resources ltd
Ngualla Rare Earth Project southern Tanzania 170 million tonnes at 2.24% REO, for 3.8 million tonnes of contained REO
$ 0.11 shares on issue 1581,727,272 Maiden Profit
Then there is DRUM ROLL
ASX Code: EPM Eclipse Metals
JORC Resource, This is important as we don’t know as yet what it is, we can only speculate
$ 0.018 shares on issue 1,750,000,000 loss making
Does anyone care to speculate
Either way our EPM is way way way under valued should they come up with any reasonable JORC of say 1 Billion tonnes or more, Then Mary (Valley), sorry Chicken Salad its a valley rather than River, but who cares, Then the extraordinary Devils Elbow Tenements where previous drills have recovered a Ounce of Gold and near an Ounce of palladium, then central Australia for Uranium and Vanadium.
My head is getting Dizzy at the potential of this stock
(20min delay)