REE 0.00% 1.5¢ rarex limited

More things that need attention:*Already covered the (re-)merge...

  1. 2,469 Posts.
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    More things that need attention:

    *
    Already covered the (re-)merge of Cosmos and REE.
    https://hotcopper.com.au/threads/ann-quarterly-activities-appendix-5b-cash-flow-report.7827145/
    I don't know what's going on over at Cosmos. Some commenters over on the Cosmos forum suggest the lithium is a good prospect but so far poorly explored. Years later, Orange East still can't get off the ground. Byro has an RE thing, it's thought, still not drilled. JR supposedly looking for new things now.

    REE free-carries 25% of the main Orange East area.

    Merge it back with REE, fresh Board, give it a nice new name and ticker change, get rid of the lesser projects and focus on the top group of combined prospects, of which there are some. But seriously, the REE ticker needs to go - it was "smart" for a time but that time is long gone.

    *
    Get rid of the Frankfurt Stock Exchange listing.
    https://www.boerse-frankfurt.de/equity/rarex-ltd

    *
    Ditch the OTC Markets.
    https://www.otcmarkets.com/stock/REEEF/overview
    It's had it's chance. Not achieved anything. Time for it to go.

    *
    Cummins Range - Phosphate and Lanthanoid Project.

    From times well before REE existed, Cummins had a phosphate resource and a RE resource. The current Cummins resource is based off a phosphate cut off and the move to put phosphate first is a simpler sell with what is being worked on first.

    The term “Rare Earths” is a lingering historic misnomer that solely describes the concept of economic / exploitable ore deposits and nothing about the actual mineralisation.Could the company take a leadership position in the industry and start using the term “lanthanoid” in place of rare earths? The symbol “Ln” is “the informal chemical symbol… used in general discussions of lanthanide chemistry to refer to any lanthanide.” (Wikipedia). The -oid is the more accurate term. Using the term “Ln” would be a better, simpler and more accurate view of what is actually being worked with, while still covering the same minerals of the currently used %TRE.LYC used the term in a recent annoucement. To illustrate, Cummins Range would present as "524Mt at 4.6% P2O5 and 0.31% LnO".

    *
    44Mt at 5.8% P2O5 and 1.02% LnO.

    This more a JORC reporting thing, so might not be relevant. I'm just trying to get a more sellable headline figure. A deeper, years away from being mined, lower grade RE thing is not a particularly easy thing to sell, currently. I believe this is the proposed Stage 3 of mining.

    Can the company just put out a resource based on what they believe can be recovered from Stage 1 and Stage 2? Maybe it's the above figure, maybe it's the 77Mt at 6.7% P2O5 and 0.46% LnO figure. Maybe it's a different figure. Whatever it is. I'm talking about that higher grade, near surface RE region. You can add in the bulk Stage 3 later. Or maybe you have to show everything that you want to one day take out.

    *
    The company insists on sticking with the "Red Dragon" name for the new tenement -
    https://hotcopper.com.au/threads/introducing-rarex%E2%80%99s-major-new-system-near-tropicana-sunrise-dam-and-mt-weld.7554769/
    It's the wrong call.
    "Plumridge" is good or if you're that desperate, just "Dragon". We also can't be guaranteed that it's RE, so if it turns out to be some gold (which there is some suggestion of - link above), then Red Dragon is a silly name for a gold deposit. Also Red Dragon comes with some geo-political assumptions. You need a neutral-ish name with no particular connotations, so the company can develop its identity. Plumridge is good because it's named after the geographic area nearby. This is potentially the most significant exploration target in the country, it deserves a better name than a decade old plus rehash.
 
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