Well JRowe16 - I'm letting the Niobium traders purge first. I'm an investor, I am willing to wait 3 years here.
We didn't get Niobium pentoxide. OK. But we do have low grade TREO and higher grade zones of MREO - The alkaline Granite is 3.6KMs x 1.6KMs!!! We've drilled to ~150 or so meter depths, clipping fraction of the edges of it and its been mineralised. I don't think people understand the potential target volumes implied by the geometry of the rock given the assay results - the alkaline rock is mineralised. It might not be high grade on the REEs, but it is quiet reasonable on MREOs and we havn't yet finessed targeting MREOs yet - we hit them while looking for Niobium. Who's to say we've hit the right spots even! There's more to go with this project - Massive global government support for REE development near W/C:
1 - Hastings have recently signed an MOU with the Saudis to develop REE processing capability 2 - Iluka also developing REE capability with ~ $1.6Billion of government funding
More work must be done on W/C to prove up W/C - but I see both the above entities as pathways for discussions, particularly Ikula.
MREOs are worth more than Niobium. T20 havn't sold down, from my understanding the fall is down to the Niobium sugar seeking traders. Each to their own. GLTAH.
I'll be off now till we resume drilling the Gold in 2025. Merry XMAS to all RR1 holders/lurkers.
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