Still sitting on a multi-billion dollar resource that the world seems oblivious to.
When talking about recoveries from processing ore, I was interested to hear Peter say "Early work on the REE's looks favourable" All "19 holes have widespread mineralisation of REEs.
"Currently $150,000/tonne." Expect REEs to underwrite the project.
Of the current holes being drilled, "three finished by Christmas, and the remaining two in January". ...will be a very interesting set of results.
Focus is on Milo; scoping study completed June, followed by financial modelling.
Anticipate a major re-valuation of the company.
Still dependent on capital markets.
No effect on the SP at this stage, but its good to know what direction we are heading.
I agree Zoids ...it appears to be the same company buying.
Yes goforit, any increase in tonnage should have a major impact on the resource estimate. Great figures from these current drill holes will have a major positive effect on the estimate I would guess.
Cheers all,
GBZ Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
