Hi slipperyscott,
That is an interesting question... Probably why we have had three drill rigs going at Ngualla and everyone is on the edge of their seats waiting for the results. We will probably have a few answers by the end of Jan on the potential size of this deposit, until then we are only speculating.
I did calculations on the alluvials starting from back when all we had was some trenches dug the numbers looked promising and bought myself a nice holding on the strenth of that. Since then there has been stacks of drilling in the alluvials which gave very consistent REE results. This alone is worth more than our current market cap IMO. If the latest drilling into the high grade core deliver then the sky is the limit IMO. I believe this has the potential to be one of the biggest REE deposits yet discovered time will tell...
Wiil
Hi slipperyscott,That is an interesting question... Probably why...
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