SW
I dont believe the timeline is any cause for concern. The primary objective at this point should be to define the most valuable resource on which to base a scoping study followed by DFS. The market is very efficient when great assays are announced and share price gains will follow - institutions, major miners, producers, end users will be watching and will make a move if the value is there - the calculators and slide-rules will be running red hot right now!
We would now appear to be looking at 2 operations: a uranium mine in Mauritania (A238) and an REE mine in Guinea with U a byproduct.
In regard to Firawa, FTE wasn't yet at the feasibility stage and more drilling would have been required anyway to better define the resource for a scoping study. Particularly for a DFS which requires indicated and measured resource status minimum.
Bottom line is I would rather have the REE discovery than not as alone it has the potential to be a "company maker". If that means additional feasibility time, capital raisings and CAPEX then so be it - as shareholders we will all be better off in the long run.
- Forums
- ASX - By Stock
- FTE
- assays confirm presence of ree
assays confirm presence of ree, page-22
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FTE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online