WEEKEND ROAST:
(Kart5353…) Your figures are very close. However, based on Andrews reports and seeking out a friends uni Geo who has a PhD in REE metallurgy the end figure, without doing any calculations was around 45ml tonnes TREO.
At 48mtr we hit cross sections of 3025 ppm.
And this is excluding the two new tenements, Iron Duke and the balance of the 1600sqkm or so. Imagine the size of this project if these area is taken into consideration with the same sort mineralisation and grades.
AR’s figures now, is only based 20 mtr depth on the 40sqkm area. This leeds me and others to believe three things:
(1) That AR is deliberately down playing our resource, so bigger Consortiums don't swallow us up.
(2) Question is: Why would AR drill only go as far as 20metres depth!!! And not to 50metres. It would not have taken much to go down another 30metres or so, considering it’s only clay hosted dirt. If he had drilled an extra 30 metres or so, our resource would actually become a real monster and the grades actually becoming a lot higher based on the 40sqkm, like AR initially said.
Now then, imagine him seeking funding from “Government” or be it “Private”, if he had only drilled an extra 30metres and suring up our resource based only on the 40sqkm to a depth of 50metres or so, rather than the 20 metre depth. Everyone would be throwing themselves at us and would want to be part of our story and success. They would come willing to fund, lend or even buy us out.
By down playing the area, what AR has effectively done is making it just good enough to look attractive to suck shareholders like us in,but not making the resource shine as a monster that it attracts Government or Private funding, etc.
This way it leaves the BOD open to go to our well known “Scalpers” for pesky funding, whilst diluting our share registry to the $h!t house and the cycle repeats.
And this has come right from the horse’s mouth, when Mel Ashton on Samso, suggested that we would need a lot of funding going forward for through his contacts. No guessing who they may be…
(3) Another problem could be that our BOD, are hesitant to get large funding be it “Private” or “Government” because they would have to justify how they spend it. With the case of the “Scalpers” they don't care, because it's shareholder money.
This is the reason the scalpers are so into us. They are the ones looking for the big pay day and the BOD is in bed with them.
LOL…..News every 2 weeks, another Joke. (Just enough to keep us intrigued). By the time these “Snails” get moving the REE story will be done and dusted.
This would be the only Company relying on “Snails” to operate a rocket.
Always do your own research and DD. This is not meant as financial advice. Just an opinion of things.
(20min delay)
