wow - all 4 holes over 1.5kms hit paydirt!, page-26

great ann today.

like TTC mentioned just now, the RC are widely spaced out and all are hitting pay dirt. this fallen volcano, Ngualla looks the goods. this point has been mentioned before and will bring it up another time due to the large amount of new holders (i'm assuming) from today on. Ngualla has similar grades to ARU's Nolan bore but a much bigger footprint, it is round about 4x bigger(email from Mark).

it is dissapointing imo that the drills were not optimally sited and we couldnt get better depths of results this time around. But those there's great grades (5%) mineralisation to the end of hole. we are indeed sitting on the motherload of world class resource.

as we get more and more results, the re rating will only continue. atm, PEK's MC is round about 30million, compare it with ARU's 300million. there'll be lots of re rating to be done in the near future. given the global demand and shortage of supply, there's brillant prospect to be involved in a REE play. let PEK be e one. yes, Nolan and Mt weld are much closer to production, but would you rather buy into a company with 1-2 bags or one with significantly higher reward.

hang onto a part of this re rating. imo, it has only started.


flipped thru past discussions, worth a look.