Just 3 weeks ago (13th Feb) AMERICAN RARE EARTH (ARR) released...

Just 3 weeks ago (13th Feb) AMERICAN RARE EARTH (ARR) released its latest drilling results of REE. The highlight of them are the results of 3 holes as above and its Managing Director Chris Gipps was so excited about it. He said the results were OUTSTANDING and EXTREMELY ENCOURAGING.

The company did also release another batch of assay results on 3rd Feb and the results of most holes were around 3900 ppm - 4000 ppm.


MTM's has an AVERAGE grade over the entire length of 508m of 0.43% TREO = 4300 ppm. That is the average grade. In other words, it is equal to each and every single meter of the entire 508m of the hole has 4300 ppm. With some particular sections of 12800ppm - 17700 ppm.

Directors of ARR are excited about their outstanding 3900 ppm - 4000 ppm results. Directors and shareholders of MTM should rightly be even more happy and excited with our 508m of average 4300ppm over the entire length and should rightly be extremely excited about those significant 31.5m of around 15000 ppm (7.5m + 16.5m + 7.5m = 31.5m).

ARR has $15m cash on hand and MC of $105m. It went up to $135m MC a few weeks ago. I think MTM deserves a better valuation than ARR on the REE-Nb Carbonatite project alone (not counting what the current drilling result could bring) but it may take some time.