Guys/gals I'd like to share my thoughts on expectations from the recent drilling programs. Sure we may get some results which are considered good, but right now the REE market is in the toilet. So those thinking we may jump like we did before 5c+ , i think you should reframe from fantasies.
Sure we will probably get a lift being at the bottom right now, I don't doubt that.
HAS had dropped from $5 to under $1 currently and DRE delivered a nice resource estimate update, highlighting the scale of the project/s underway and the market didn't move.
The 2 deep drilling holes that LNR done with high expectations may have some REE in them, but these holes are designed to prove up a conceptual model and the real mineralisation if it exists will probably go deeper than what was done. Though Pathfinders in a previous announcement may illude to this model once assays are released and rock types encountered.
All commodities have ups and downs and right now we are in the bottom cycle although this will change and optimism will return eventually.
I'm hoping we can make it back into the 3c region.
LNR Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
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