RSL/RSLO 20% free carried to FS satge with GBE, drilling Machinga at the moment
Machinga returned wide sections of good grade HREE hits in previous drilling. Average 10-33m 1% TREO & 0.5% Nb
20% free carried as GBE is paying for all activity up to FS.
64m shares on issue, giving it only 12.8m MC even at 20c.
1.6m cash in last quarterly.
RSLO, ex 20c, Sep 2012 is recently issued at 1c, so at 1.5c, it hasnt ran that much compared to all other REE stock options NTUOA/OB, ORMO from 1c. A very good hold if you are looking for an entry to REE sector.
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