BH advised Feb/March for resources update. But we know the...

BH advised Feb/March for resources update. But we know the quantum will be increased over the 300 odd million tonnes over 1000 ppm estimated last year when a resource update comes. No surprise there. This new estimate will likely take the Inside Centre resource alone to around 100 odd million tonnes going between 1400 to 2200 ppm. Just a guess.OD6 will likely brag MR to be 400 - 500 mt going around 1500 ppm across the total drilled areas. Biggest and best clay REE project in Aus. Laughable market reaction to these statements. Why are investors going to the other “substandard/nonviable” clay REE companies rather than racing to OD6? Interesting. In terms of future initial mining, Inside Centre will likely be the place for the first shovel. However, BH will likely keep drilling to find a 6000 ppm before committing to a mine.

After all the hype and stated World Tier 1 status for this project, the company’s market value is around $6 million with enterprise value of around $4 million (based on 50 million mostly (10 million of these shares weren’t paid a cent for) fully paid shares valued at around 11 cents. The other 50 million shares can’t be traded til mid year and the holders paid squirt for them) It appears nothing except corporate activity can move this stock up.

Small volume Buyers pay pennies and small volume Sellers are happy with pennies. Sellers are either losing money or happy to make a couple hundred dollars selling at these prices. These trades have been going on for many many months. The company needs to find a reputable corner stone investor ASAP. The current major shareholders do nothing for the health of the sp. They don’t buy on market and in that regard the big question is WHY?!