While somewhat speculative there are signs that a CR is in the potential making, disclaimer supplied. The bold move to install a REE deposit to the GRL stable with grades 10% of ASM's Dubbo project is bizarre. Any exploration manager or MD taking a project to a the board, when such a gulf exists between grades comparing similar economic projects, would surely be be temporarily banned from the board room in my books. I am very curious to know why the very attractive REE ground between GRL and ASMs tenements was over looked or not pegged by GRL? A logical development would have included pegging of ground and bringing Narraburra into the stable if the main concern was installing a project with a known resource. Sounds like a good risk strategy to me.
GRL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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