GBZ 10.0% 1.1¢ gbm resources limited

rare earths at milo!!, page-44

  1. 10,101 Posts.
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    Hi Johnny,

    I'll say it once again, I like GBZ. I like them for their copper, not their rare earths. The grades they hit yesterday for rare earths are not economic even if mined free of charge along with the copper ore.

    The OPEX and CAPEX of REE processing is very high. As an eary investor of ARU, PEK, ORM, NTU, LYC etc, I have done my fair bit of research. It is this knowledge that usually earns posters their "heart".

    My post yesterday was just the other side of the coin to the "she is going to fly" posters. Most people don't know much about REEs, and appreciate a balanced view.

    Judging by the share price since my first post (around 12c), Id say it was a fair call to be the voice of reason. That said, I think GBZ is cheap on their copper prospects, so no need to try and convince me.
 
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