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18.0¢ peak rare earths limited

Yeah, nearology often guides land acquisition as much as...

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Balduran

469 Posts.

341

26/08/21

13:13

Post #: 55591948
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Originally posted by sjl: ↑

The thinking is probably along the lines of, "This area has been proven to be high in rare earths, so let's grab an unclaimed area nearby and hope that the mineralisation continues out further." As mac3 said, the carbonatite fades out beyond Peak's tenement; a large part of why Peak has such high grades is because the mineralisation has weathered, concentrating the rare earths in ways that make them much more amenable to relatively easy processing. I think Peak has pretty much the entirety of the high value prospect; the surrounding area is unlikely to hold significant value unless the rare earth pricing appreciates significantly more than it already has (and even then, I'd class it as dubious.)

Speculative land grab, in other words, and unlikely to come to much.

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Yeah, nearology often guides land acquisition as much as geology.

Carbonatite intrusions are typically very discrete, plug-like formations. Mineralisation on the fringes of the intrusion or associated with minor off-shooting structures is likely to be sub-economic in isolation.

Land adjacent to a world-class NdPr deposit is rather useful from a marketing perspective however.

PEK Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
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Last 18.0¢		Change -0.005(2.70%)		Mkt cap ! $47.95M

Open	High	Low	Value	Volume
18.5¢	19.0¢	18.0¢	$22.54K	123.1K

Buyers (Bids)

No.	Vol.	Price($)
2	44705	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	10000	1

View Market Depth

No.	Vol.	Price($)
1	34705	0.180
7	585432	0.175
5	398893	0.170
5	288886	0.165
5	268156	0.160

Price($)	Vol.	No.
0.190	10000	1
0.195	117594	3
0.200	5500	1
0.210	66000	2
0.215	10000	1

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