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Ann: Korsnas - A Major REE Discovery in Europe, page-45

  1. 674 Posts.
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    Correct, if he was able to explain why he has that opinion then we'd all be happy to hear it. Maybe he has a point. But I checked his posting history and every single stock he's ever posted on is negative rubbish. Not a single post on anything with any substance whatsoever. He's just an annoying troll. Also notice he never said a thing during the few weeks when it ran up to 4.2c.

    I've run the numbers on the grades etc, noting that rare earths are pretty difficult to price up, and it is certainly profitable, especially when you consider you can walk down to the ore body in the old mine and there is rare earth processing plant down the road. It's not Filo or Olympic Dam but it's profitable and should be multiples of current SP. The thing is if there was 50Mt at 5% REE we wouldn't be buying it for 3c. And if it turns out for some unforeseen reason not to be good it will go down but there's a long way to go before either outcome is a certainty - risk and reward. Right now the reward looks big compared to the risk.
 
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