REE 6.67% 1.4¢ rarex limited

Ann: Trading Halt, page-14

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    Not an extensive write up but a couple of interesting newer directions from the presentation:
    • This was definitely a first solid push to reach into the North American market and reach out to possible investors through OTC (REEEF).
    • Resource upgrade and related.
    • RC drilling done and going to the labs. First results back in a month (give or take) and then news releases every two weeks. Diamond drilling starts this coming week, lasting 2-3 months.
    • Scoping Study likely this quarter.
    • In between mentions of low CAPEX and monazite concentrate, there was a little passing mention of the words "carbonate and oxides" for the first time; that's new and slightly unexpected. Something to keep half an eye on.
    • Seems to be some talks likely with some North American facilities. Not many of them in existence.
 
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