AR3 4.76% 11.0¢ australian rare earths limited

What an epic bull market... pumped from 95c to $1.12 yesterday...

  1. 2ic
    5,606 Posts.
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    What an epic bull market... pumped from 95c to $1.12 yesterday front running today's results which look 'underwhelming' to say the least (new style of posting in an effort to reduce my amount of moderated posts in 22). Well, that's as far as I can tell after releasing the absolute minimum amount of data possible.

    22 of the best holes selected for release (out of 174) average 1.7m thickness in REE 'ore zone' under an average 8.1m of overburden. No table of the full REE suit to consider as with other ICD players, and certainly no Calcium with clay elemental analysis. Still waiting on that ANSTO recovery work started ages ago pre-IPO, still looking for an explanation of how they plan to get pH down to <1 with high calcium carbonate content chewing up heaps of acid first? Companies that only release small, selective bits of data are a red flag for mine, not that fundamentals matter in this market.

    I still don;t get the market cap of $75M when the very thin mineralisation, high overburden strip, low recoveries, high acid consumption required chasing meaningful recoveries are individually all potential fatal flaws. I get we are in A REE bull market, but really?

    Anyway, GLTAH, assume there is some wiz bang new met tech or something in the background beyond the usual fake it till you make it approach.
 
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