results more end of hole just amazing, page-16

Jorcs I have seen previously often have a bit of this and a bit of that as far as the jorc levels go. I think we may be doing some infill drilling on some of the richer bits discovered to date for a number of reasons.

It may be so we have the possibility of more prestigous "Indicated level jorc resource" being declared over part of Ngualla.

Or maybe a hot target has been hinted at from the data previous neighbouring drill holes have presented.

We might just be having a closer look to gain some insight into the overall deposit. Or a bit of all of this.

Regardless they were more exceptional results.

Im starting to agree with Retrac that the market has become a bit complacent about PEKs continued wonderful results. Though there are several factors that could quickly turn this around.I have talked about things that could drive PEKs SP previously.
It is an interesting curiosity that in my mind the Niobium and Phosphate is likely to contain only a small value(relativly,probobly still billions) compared to our Ngualla REEs, yet it may provide the next big headline for PEK.

News is partially by definition just that, something talked about which is different to that before. Everyone expects great hits of REEs everytime and thats what we get. Which is fantastic but its become less "newsworthy".

In economics its called the "diminishing law of returns". Its why when plowing your way through a box of Tim tams each one getting a bit less exciting than the previous.

So what do we need to do to excite the market before the jorc? Well IMO you just watch what the Nb/Ph drilling does to garner new headlines. And the base metals. They may not add the value to Ngualla that the REEs will but they are different and are news.

For me well I think I know where my bread is buttered and am quite happy to watch fantastic"boring" REE results come out for a couple of months yet. But I think the next big headline moment may be with the drilling done on the other mineral zones.
And things can change quickly in the REE market. As the LYC plant delay and in all likehood MCP delays are factored in along with Chinese stopages in production REEs may become the flayour of the month again in the financial media sooner rather than later.

On a financial note they (Nb/Ph), are also a great hedge against any downturn in the REE market and offer earlier potential cash returns through relative ease of processing.

Black Caviar syndrome, thats what Ill call the market reaction to our fantastic continued REE drill results. Everyone seems to be expecting winner results everytime.

Well IMO its a good problem to have. If the SP is not growing much ATM in relation to the resource it leaves more increase in the stock to occur at a later date. Like with the jorc. And thats now far away now.

Cheers Tretch