Next to no bids on the buy side, yes good news would be welcome.
Not sure what will be the markets reaction will be but I’ll be more interested in what they have proven up at Burmeister. If it is a 20Mt high grade resource regardless of what the market thinks of it at the moment, when market sentiment significantly improves the SP should play catch up then.
Wasn’t that long ago when Tianqui offered ESS shareholders up to $140M for their shares. From memory they had shored up a resource of around 15MT.
A left field discovery of REE is always a possibility on their extensive tenements at Lake Johnston as well. Not discounting that opportunity going forward either. David mentioned previously only around 1/3 of their tenements have been explored.
Ann: Quarterly Activities Report and Appendix 5B, page-52
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