kre next lynas on asx , page-4

On days like today when holders are happy to sell their cheap KRE I like to remember..

At April 2011 prices (~50% increase from March prices), the Cummins Range resource is estimated to contain 120,000 tonnes REO or US $12.4 billion in contained value at a 1.0% REO lower cut off grade.
-KRE will gain 55% on spending 10mill within 4yrs 80% on DFS

there is every reason to see the REO resource to increase on drilling work underway

We have the cash to get through to 55% ownership of a 12.4billion resource ,no need for cap raising dilution etc

Buying more at this levels no brainer