Ann: Strong first assay results from Pomme drilling, page-39

Financial worries:

Cash and cash equivalents at quarter end (as of 31/07/23) = $2,563,000

The recent quarter's net cash used in operating activities is $908,000. To estimate the two months (August and September) operating activities outflow, we'll take 2/3 of this amount = $605,333

The recent quarter saw a net outflow from investing activities of $55,000. To estimate the two months' outflow, we'll again take 2/3 of this amount = $36,667

Sum of estimated outflows from operating and investing activities: 605,333 + 36,667 = $642,000

Projected Cash at the end of September: 2,563,000 - 642,000 = $1,921,000

From, "Diamond Drilling at Pomme REE-Nb Project Extends Known Mineralised Zones":
"A total of approximately 5,000 metres of drilling is planned as a first-pass test of the Pomme carbonatite complex and the REE-Nb mineralisation."

So let's say $200-$300 per meter (adding additional expenses).

The estimated cost of the drill campaign= $1m - $1.5m The company would be left with a rough estimate of -$753,000 in cash after 6 months

There will be a capital raise.

However, the geology is intriguing with the 20 to 25% of the TREO being high-value magnet REE mineralization, hosting neodymium and praseodymium. I like Hole POM-23-03. Broad intersection with potential continuity of mineralisation over a larger interval. Especially the 26.5m @ 1.45% TREO & 0.02% Nb2O5. Also, shallow depths are being reported. Definitely worth keeping tabs on this company.