Amigo, hopefully any cap raising will happen after they have delivered some spectacular results from Gundagai (fingers crossed). I don't know much about the ground that you talk about, but this Narraburra Prospect is starting to grow on me. Firstly, because the shareprice has risen a bit, which I can only see is due to the new prospect. Secondly, and more importantly, the metallurgy looks surprisingly good (see screenshot below from page 17 of the announcement). As far as I understand with regards to the mining of rare earth deposits, grade is not king. Instead it is more important to have a big prospect with a good metallurgical process, which is as simple as possible, and with low levels of radioactive elements. It's a bit like a copper-gold porphyry - big, simple and profitable. Let's hope Narraburra meets those criteria.
GRL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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