Ann: Lyons REE Project Maidel Drill Program Update, page-31

Thanks and true, but l don’t buy on hype l research some small cap companies and make a decision on basic fundamentals and resource prospects.

All shares with small SP carry huge risk-reward component, LNR is no different. The basic reason for my investment is that LNR initial geological research has found it to be similar to HAS and DRE geology, both now have substantial REE resources. Also the fact LNR’s market capitalisation is significantly lower that both of these companies.

Yes, this could easily go pear-shaped quickly (it’s not easy to find good low price companies) but if LNR finds a decent amount of REE it will also do the opposite. Hopefully we’ll be on the right side of the ledger this time.