I think the take home we might consider is that as a worst case scenario, we have low grades of rare earths, BUT the prices for these rare earths are very high mitigating the worst case for low grades. In this scenario, we are left with a viable mining proposition due to the need and scarcity of rare earth elements.
As a second consideration, once the deep rock core drilling results and the 4000m Aircore drilling results are known and completed, we prove up a sizeable resource, the value of these individual rare earths will be a company maker as a standalone project.
Then consider that we have all the other projects in the pipeline, being worked on in various degrees.
I am optimistic that the price of our rare earths in the open market will bring considerable returns to GRL. In my opinion. GRL has a possible bright future, near term. In my opinion. RED
GRL Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
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