re: daytrades september 10 afternoon, page-73

re: daytrades september 10 afternoon hotrods

NAV - independant valuation of Cummins REE of $10-$20m according to page 23 of release on 9th April

Lanthanum & Cerium make up 75% of resource according to page 27

http://www.proactiveinvestors.com.au/companies/news/9634/rare-earth-metals-to-continue-to-shine-after-china-reduces-export-quotas-9634.html

"In this year along, the average price increase across the group is 300%, while since the Chinese announcement in July, the largest percentage price increases have been for samarium, cerium and lanthanum (+720%, +695% and +500% respectively)."

The independant valuation was made in 2009

75% of their resource has increased in value by over 500%

current value $50m - $100m, maybe more

Why no mention in qtly? Wouldn't be a bad spin off.