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82 billion$ potential:
http://www.stockhouse.com/opinion/ticker-trax/insights/2014/04/17/geomega-s-$82-billion-rock
82 billion$ potential:
http://www.stockhouse.com/opinion/ticker-trax/insights/2014/04/17/geomega-s-$82-billion-rock
New REE extraction method will be amazing for the sp!!! Plus end of month European promotional tour by the administrators!!! Plenty of spin for the next few weeks.
New REE extraction a success!! Incredible news!!!
http://ressourcesgeomega.ca/category/news/
HEEELLLOOO Is ANYONE HERE????
What is with this Stock?
NEWs are bad or good?
hmm
That also does suggest a couple of fairly obvious issues that it will be useful to consider as probably generating milestones in timing...
"The market" may well not find it useful to think about things to deeply... while there are disputes pending that will tend to distract focus from things like... demand growth... relative value... niche aspects that define inevitable winners ?
Nice one, thanks.
Still don't see anything happening in the REE markets I find particularly surprising. I find he's often either unaware, or quite a bit behind what I'm seeing when he's on reporting the events occurring in relation to specific opportunities, but, I think anyone who's followed Jack Lifton's musings on the "big picture" in the REE market is probably not missing much, or being surprised by much...
The supposed "market glut" that is coming... may not ever happen if prices won't support it ? That's what typically happens when you see wildly irrational pricing driving short term break outs...
But, "markets work" will still end up being the reality that shakes out at the end of the pipeline in development... They don't work particularly efficiently, of course...
So, I expect there will be a very obvious glut that develops in the light REE's...
Otherwise, talking about REE's as a group isn't more useful than talking about "monetary and precious metals" as a group, while ignoring that copper and rhodium have remarkably different drivers in demand, and remarkably different dynamics in supply...
Lifton has it exactly right... in considering HREE's separately from "REE's" in general... and in considering specific values in specific elements as important...
He has it exactly right, again... in considering that value resulting from effort in development isn't going to be determined "only" by having access to decent quality rocks that have proven values in REE or HREE in them... All of the elements in basic "feasibility" will determine which rocks are more useful to mine than others, still, but it will be the value added in SEPARATIONS processes that determine the overall value of the effort made...
And not all rocks are equally amenable to separations processes as others... which matters when the cost of the separations is the largest cost component in the effort made creating the products that are made from the rocks...
What you need to find, optimally, will be a combination of things....
A polymetallic deposit that has obvious economic viability on the basis of more than one mineral... so that you're not dependent on one or two esoteric elements for your success... would be nice.
Having specific metals in that mix that are each likely to be experiencing long term demand growth, paired with long term shortages being likely... because they're not easily substituted at prices that make sense... would be good...
A heavy REE component that is a large enough mass of HREE to make it matter in meeting market needs would be good...
But, the Light REE component isn't just a "throw away"... as not all Light REE's are equal. Having a dominant presence of light REE's that DO have value that won't be gutted in a "surplus"... the way some others will... would be good.
And, that is the mix I see here...
GOMRF has a decent sized deposit (3rd largest known outside China, will a bullet) in a good location that is obviously feasible to develop... It's big enough to make it worth bothering with the location, location, location.
It's a polymetallic potential with economic concentrations of Iron, Niobium and REE's. The REE have an excellent distribution, with a higher value distribution in the light elements, and an useful distribution and increasing definition of quantity in HREE values...
It probably wouldn't be developed "only" for the niobium or the iron... but, it appears it would be profitable to develop it for those, with 20% iron being economic, while the niobium provides very solid secondary values... with the solid REE values being "gravy"...
It already makes more sense to develop it than not... which is a threshold it's useful to have crossed...
That they're also participating in a consortium arrangement to enable toll based separations of their REE's directly into high purity finished products... completes the trifecta... and it answers concerns about the lack of partnering arrangements as they close in on completing their feasibility study.
What that leaves you with... is that now is an excellent time to be figuring all this stuff out... and picking future winners in REE's, given there are a lot of people in the market who aren't making the distinctions they should between various potentials...
The lesser known but vastly better opportunities... are improving rapidly in value... at the same time the market is providing some really excellent opportunities...
Price is not value.
Steer clear of anything being promoted...
It's worth looking for a couple solid opportunities that haven't been promoted... that also beat the pants off the basic value of those that have been ? The value will out, in time... but, it will take some time for the market to sort itself out... still a two to five year time horizon on most of them...
But, if they have assembled the right elements... there is an inevitability factor working for you... that should give you confidence in accumulating when you know what you own.
I know of maybe half a dozen the market hasn't really taken much note of yet... that have been quietly minding the knitting, improving position, without having participated in the frothy market excess...
That some of those that are most roundly ignored now... appear best positioned to be future market leaders... is, in my experience, not particularly unique.
Still Waiting on that 43-101...Meanwhile-
http://resourceinvestingnews.com/46241-a-market-in-free-fall-will-rare-earth-prices-recover.html
futr
Will be interesting to see the next 43-101 and the PEA.
Maybe others will begin to take notice after they've put the data in a context that makes "the rocks" easier to compare with others.
Questions worth asking now about the impact the recently announced separations plans and the recent news about discovery of the HREE enrichment zone are likely to have on their planning.
Two obvious aspects...
One is that both the participation in the JV to enable the separations capability on a toll basis, and the discovery of the HREE enrichment zone (in a deposit that was already the third largest REE deposit outside China) are news of a sort that will tend to separate GOMRF from the pack.
The other... is that having potentially large impact issues like that popping up just now... might be expected to result in a delay or two in the planned timing of the next NI43-101 and the PEA... ?
It's all good news, still...
Post in October said:
Complete disclosure of the updated NI 43-101 compliant resource estimate for the Montviel Core Zone is scheduled for December 2012.
The PEA results for the Montviel project are expected in Q1 2013.
Metallurgy and process definition
Beneficiation and hydrometallurgical tests to optimize the recoveries of both Rare Earths elements (“REE”) and Niobium is progressing well. The PEA process flow sheet design will conclude by the end of Q4 2012.
Based on the results to date, GMSI is developing a conventional metallurgical recovery process flowsheet including:
• primary crushing and grinding;
• Flotation beneficiation;
• Leaching of REE from the beneficiated material with hydrochloric (“HCl”) acid;
• Amenability of Niobium to a saleable Niobium product from leaching residues;
• Precipitation of impurities from leaching solution;
• Precipitation of REE from leaching solution;
• Leaching solution neutralization;
• Regeneration of HCl acid from neutralized leach solution;
• Conversion of precipitated REE into saleable Rare Earths products.
Share Structure shows excellent value at today's closing price-
Stock Symbol: TSX-V: GMA
There are currently 29,274,113 Outstanding Shares.
Options•525,000 @ $0.35 expiring on September 29, 2015
•100,000 @ $0.90 expiring December 29, 2015
•40,000 @ $0.90 expiring January 12, 2016
•10,000 @ $3.60 expiring March 2, 2016
•70,000 @ $3.90 expiring March 20, 2016
•220,000 @ $2.70 expiring June 21, 2016
•150,000 @ $2.00 expiring September 1, 2016
•878,540 @ $1.50 expiring September 30, 2016
•225,000 @ $1.54 expiring October 4, 2016
Warrants•200,000 @ $5.50 expiring September 30, 2012
•400,000 @ $1.25 expiring April 16, 2013
•2,127,659 @ $2.85 expiring July 8, 2013
•1,952,273 @ $1.00 expiring September 30, 2013
•187,500 @ $1.00 expiring December 2, 2013
Fully Diluted•36,360,085 (with +$12.9 million cashflow)
futr
Interesting mentions re processing capacities...
It does appear the article was published prior to recent announcements, here, so the bit re "quite frankly, although I'm not at liberty to name names here" stuff might be dated...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79835897
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80156836
Holy Crap... because the .18% Nd2O3 is an outlier on the low side of values for the upper portions of the deposit, and:
http://ressourcesgeomega.ca/wp-content/uploads/2012/10/50m_ALL_2012-10-16_En1.pdf
> 100 ppm Dy2O3, 28 ppm Er2O3 with > 25 ppm Tb2O3
That's a pretty nice distribution... making it pretty likely they're going to find it useful to think about digging a nice, deep hole...
Throw in .2 or .3% in niobium and good values in iron, together with participation in the development of a toll separation capability... and I like the way they're heading.
Montreal, October 16, 2012 – Geomega Resources Inc. (“GéoMégA” or the “Company”) (TSX.V: GMA) announces a project update on its Montviel Rare Earths Elements/Niobium project. In January 2012, G Mining Services Inc. (“GMSI”) was retained to assume overall coordination and responsibility for engineering and financial evaluation to produce a Preliminary Economic Assessment study (“PEA”) Technical Report in accordance with NI 43-101 guidelines. The PEA results for the Montviel project are expected in Q1 2013.
PEA scope of work Contributors
Market study Roskill Consulting Group Limited
Geology Montviel Core Zone
Resource estimation Belzile Solutions Inc.
Metallurgy and processing SGS Lakefield, CANMET, COREM, G Mining and Gary Pearse.
Mine design G Mining
Hydrogeology, geochemical, geotechnical and geomechanical Golder Associates
Infrastructure G Mining
Tailings pond Golder Associates
Capital costs G Mining
Financial modeling G Mining
Legal review Lacroix Frères Consultants inc.
Environmental baseline Géodefor, Roche Limited
Conclusion G Mining
Geology
The Phase 2 drilling assays (click here to download) revealed a Heavy Rare Earths (“HRE”) enrichment zone. Located on the southern periphery of the Core Zone, the HRE enrichment zone (“HRE-S”) was intersected by four (4) drill holes covering 75 metres (east-west) by 45 meters (north-south) by 120 meters vertical (click here to download). The HRE-S zone is open east, west and at depth and requires additional drilling to define its full extension.
“The Dysprosium enrichment in the HRE-S zone is an excellent complement to the Neodymium content in the Core Zone. Neodymium and Dysprosium are the critical elements for the high performance permanent magnets. ” comments Alain Cayer, VP Exploration of GéoMégA.
Resource estimation
Complete disclosure of the updated NI 43-101 compliant resource estimate for the Montviel Core Zone is scheduled for December 2012. The economic elements considered for the cut-off grade will be: Neodymium, Europium, Praseodymium, Dysprosium, Niobium and Gadolinium.
Metallurgy and process definition
Beneficiation and hydrometallurgical tests to optimize the recoveries of both Rare Earths elements (“REE”) and Niobium is progressing well. The PEA process flow sheet design will conclude by the end of Q4 2012.
Based on the results to date, GMSI is developing a conventional metallurgical recovery process flowsheet including:
• primary crushing and grinding;
• Flotation beneficiation;
• Leaching of REE from the beneficiated material with hydrochloric (“HCl”) acid;
• Amenability of Niobium to a saleable Niobium product from leaching residues;
• Precipitation of impurities from leaching solution;
• Precipitation of REE from leaching solution;
• Leaching solution neutralization;
• Regeneration of HCl acid from neutralized leach solution;
• Conversion of precipitated REE into saleable Rare Earths products.
Mine design
The Montviel orebody will be mined using an underground approach via ramp access. The mine output will depend on the overall metallurgical recoveries and head grades. The production plan should aim at extracting in priority the higher grade material of the Montviel enrichment zone (click here to download). The throughput is market driven and based on the Roskill market review, an initial annual production in the range of 2,000 tonnes of Neodymium oxides is targeted.
Infrastructure
The Montviel project benefits from public infrastructure and available labour in the immediate area. The project site is located approximately 100 km north of Lebel-sur-Quévillon (pop. 2,800) and 45 km west of the Cree First Nation of Waswanipi (pop. 1,800) in the southern, developed, part of Northern Quebec. Montviel has permanent access with a high capacity (oversize) logging road connecting to provincial highway 113.
All infrastructures required for mining and processing of the ore should be located on site. Anticipated project energy will be provided by a 45 km long power line connected to the Hydro-Québec distribution network.
NI 43-101 Disclosure
Robert Marchand, Eng., GMSI VP mining engineering, Gary H.K. Pearse, P.Eng., MSc., metallurgical consultant and Alain Cayer, Geo., MSc., VP-Exploration, are the Qualified Persons who approve the technical information presented in this news release.
About GéoMégA (ressourcesgeomega.ca)
GéoMégA, which owns 100% of the Montviel Rare Earths/Niobium project, is a Québec mineral exploration company focused on finding economically viable deposits of Minor Metals in Québec. GéoMégA is committed to meeting Canadian mining industry standards and distinguishing itself with its expertise, know-how and its support and respect for local communities and the environment.
29,274,113 common shares of GéoMégA are currently issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
/s/ “Simon Britt”
Simon Britt
Chief Executive Officer
For more information contact:
Simon Britt
President and CEO
GéoMégA
450 465-0099
info@ressourcesgeomega.ca
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecast or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company’s filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.
0.18% Nd2O3
Holy crap.
Rare Earth Metals Demand Is Unstoppable: Jeb Handwerger
Source: Sally Lowder of The Critical Metals Report (2/14/12)
http://www.theaureport.com/pub/na/12562
Not long after the New Year dawned, Gold Stock Trades Editor Jeb Handwerger noted certain rare earths emerging from their 2011 slumber to produce impressive gains. It's not yet March, but the good news keeps coming. Despite dire predictions that demand is drying up, Handwerger tells The Critical Metals Report in this exclusive interview that the world remains at risk of supply shortfalls. It's not strictly a rare earths story, either. Read on to see what he has to say about the nascent niobium space.
The Critical Metals Report: Jeb, as a student of the critical metals space who's been watching precious metals stocks over the past 20 years, do you believe we're seeing a renaissance in the industrial metals space?
Jeb Handwerger: It's interesting. We saw last week The Wall Street Journal headline, "After Xstrata, a Mining Merger Pileup." Of course, we always try to look beyond the headlines and read between the lines. The proposed merger between Glencore International plc ( LSE ) and Xstrata PLC ( LSE ) is old news for my readers because for some time we've said we would see increased global hunger for natural resources. This transaction goes much deeper and is implicit with words not mentioned in the routine press release.
TCMR: How is it more important than just that one deal?
JH: Banks are aligning with resource seekers to create real competitors to giants such as Vale S.A. (VALE:NYSE), BHP Billiton Ltd. (BHP:NYSE; BHPLF:OTCPK) and Rio Tinto (RIO:NYSE/ASE) to assimilate the resource stocks and claim resources such as copper, iron ore and metallurgical/thermal coal. The Xstrata-Glencore transaction is notable in that it confirms the rising demand from emerging nations, especially in Asia.
TCMR: There has been a lot of nervousness among investors regarding the pace of growth of China, and the mainstream media has been reporting softening GDP growth in many of the Asian nations, particularly China. Are we not getting the straight story from the mainstream media?
JH: The way we see it, the gloom and doom that came out of Europe in 2011 and fears of recession and global contagion were overdone. We've seen a flight out of equities into risk-off assets such as the dollar and treasuries. But the Federal Reserve Bank has extended low interest rates from mid-2013 to late-2014, and we're seeing stimulus underway in Europe and China. In fact, we're now seeing a return to the risk-on trade and a return to what we consider one of the most important sectors-the rare earths (REEs). Rare earths are intrinsic to the new technologies, rapidly increasing demands and this ongoing, long-term global commodity boom.
TCMR: So you believe in the long-term growth of BRIC nations (Brazil, Russia, India and China), not just in traditional metals but also in specialty metals and rare earths?
JH: Exactly. Many analysts are overlooking a Department of Energy report that came out at the end of 2011. Analysts claim that rare earth demand is low, and that China can just open the floodgates and drown the market with heavy rare earths (HREEs). Well, a U.S. government think tank wrote a 200-page report-these are the top professors, the top scientists, the top economists coming together-anticipating a supply shortfall in certain basic elements. Instead of only two elements that are most critical and strategic, there are now five. They're saying that in the short-term we could experience supply shortages of yttrium, europium, neodymium, terbium and dysprosium.
TCMR: Even with lack of Chinese transparency?
JH: Right, even with the lack of Chinese transparency. This is what I've seen and I'm studying. So very few projects with these metals will really be able to come online outside of China, and these elements are growing more and more in demand. We're not in the 1970s anymore. These emerging countries are building new automobiles, electric vehicles and fuel-efficient, lighter vehicles. The rise in demand for smart phones in emerging nations has been huge. Look at the Egyptian revolution. Look at the Arab Spring. These events would not have occurred if not for the rise of the smart phones.
TCMR: And that doesn't even include all the green applications-for photovoltaic cells and so forth.
JH: Right. And wind turbines. General Electric Company (GE:NYSE) just announced that it's launching a new generation of huge, transformative wind turbines that require HREEs.
TCMR: So let's talk about these HREEs.
JH: Here's an interesting example of a company that has HREEs in its deposit right here in the U.S.: Ucore Rare Metals Inc. (UCU:TSX.V; UURAF:OTCQX) released an announcement that Alaska Governor Sean Parnell has allocated $8.1 million ( M ) in the proposed state budget for 2013 to expedite Ucore's development as a viable corporate entity. In other words, the state government of Alaska is sponsoring explicit support for Ucore's flagship Bokan Mountain project, which contains strategically important HREE metals of dysprosium and terbium. These metals have been highlighted by the U.S. Department of Energy as being at risk of a supply shortfall in the near term. With Ucore, Alaska has not only taken an active role in the development of a rare earth company but in reviving the whole rare earth and critical mineral industry from mining to magnets.
It certainly underscores the importance of geopolitical support. Two other companies that have secured incredible geopolitical support and have the best chances of coming into production at the end of the day are Matamec Explorations Inc. (MAT:TSX.V; MRHEF:OTCQX) and Tasman Metals Ltd. (TSM:TSX.V; TAS:NYSE.A; TASXF:OTCPK; T61:FSE).
TCMR: Are they involved in the heavies, the REEs that industry and government seem most nervous about in terms of supply security?
JH: Sweden actually has recognized Tasman Metals as a national asset, a strategic asset. Its flagship project is called Norra Karr. It's a large HREE project-the fourth-largest HREE element project in the world and the only NI 43-101-compliant REE mineral resource in mainland Europe. It's in a mining-friendly location with great infrastructure. What's also interesting is that this deposit has eudialyte mineralogy. Tasman has made significant progress in developing the process flow sheet for Norra Karr, which is critical for the Preliminary Economic Assessment (PEA) that will be nearing completion in a few weeks. Not only has the company shown impressive rare earth recoveries, but it is able to physically separate nepheline/feldspar with low iron content. This would be a great way to significantly reduce tailings. Recoveries of the HREEs, including a high percentage of dysprosium and terbium, exceeded 90%.
TCMR: What about Matamec?
JH: Interestingly, Matamec also seems to have that eudialyte metallurgy I mentioned, and it's in mining-friendly Québec. In December 2011, Matamec signed a memo of understanding ( MOU ) with Toyota Tsusho Group (TYHOF:OTCPK). The trading unit of Asia's largest auto maker, Toyota Tsusho has agreed to buy Matamec's output from its Kipawa mine deposit-which is in many ways similar to Ucore's Bokan Mountain deposit-to fast-track development of Kipawa's rare earth metals production. Kipawa isn't a big deposit; it's quite compact. I think that's what the end-users are looking for, not the projects with capital expenditures approaching $1 billion ( B ). They like compact projects with excellent infrastructure, favorable metallurgy and geopolitical support.
That was the lesson we learned with the Australian REE company, Lynas Corp. ( ASX ). Look at the gray hairs Lynas has given shareholders for being in a risky political jurisdiction. Alaska is extremely supportive of Ucore.
TCMR: Aside from Ucore in Alaska, do any other U.S. assets have heavy REEs?
JH: No. Not really. Ucore has the largest 43-101 HREE resources in the United States, although we have heard Rare Element Resources Ltd. (RES:TSX; REE:NYSE.A) and Molycorp Inc. (MCP:NYSE) are beginning to explore for the heavies around their current light rare earth (LREE) deposits. Those deposits have no historical geological footprint of HREEs like Ucore's Bokan Mountain, which has transitioned into the mine development stage. The company recently announced Ken Collison as the new chief operating officer. Ken is an experienced mine engineer with a long history of designing mines in an efficient and economic manner.
TCMR: A couple of the rare earth companies have end-user agreements in place, which tend to verify the fact that manufacturing needs a secure supply of these rare elements to produce the most efficient, lightest, strongest, most powerful motors or magnets, whatever they manufacture. Do you consider these end-user agreements positive for the space?
JH: They're hugely important. This is exactly what investors were looking for to give some validity to the sector, because this is a new, growing industry in its infancy.
TCMR: At this point we know that Matamec has an end-user agreement with Toyota.
JH: Correct. In December, Frontier Rare Earths Ltd. (FRO:TSX) signed a definitive agreement with Korea Resources Corporation (Kores), a government-owned mining and natural resource investment company, to form a strategic partnership designed to accelerate the development of Frontier's Zandkopsdrift rare earth project in South Africa. Kores also announced that it intends to form a consortium to join the Frontier joint venture. It would include such leading Korean companies as Samsung Group, Hyundai Motors Group, GS Group, Daewoo Shipbuilding, Marine Engineering Group and AJU Group.
TCMR: Do you see end-user agreements on the horizon for Ucore and Tasman?
JH: I do. But they're going to have to be very careful because they have to study what works to the benefit of the shareholders. Do they wait to finalize these end-user agreements or do they take the capital upfront? These are major decisions that CEOs are thinking about. I'm surmising that not only Ucore and Tasman, but others with high-quality projects have received offers. Some REE companies may be reluctant to make deals because their shares are trading at such bargain-basement prices.
These companies know they're really undervalued. I mean, we're talking about potentially billion-dollar mines, and these companies are trading at market caps of $40, $50, $60M. Imagine you're the CEO of a company and you have shareholders you're accountable to. Do you take the money and take security, and limit your upside? Or do you wait, holding out until your valuation improves? It's a tough call. They can't announce anything until the deal is done. They can't say they are in talks, but that's most likely what's going on behind the scenes. As I understand it, the end-users are very interested in these companies because they want to ensure their security of supply. If they know they can be competitive and have access to a good supply, they're happy.
TCMR: We've talked a little about HREEs as they relate new manufacturing applications. Are there other metals you'd like to discuss?
JH: Yes. Let's transition into the ferroalloys. Earlier, we were discussing the Glencore/Xstrata deal. Part of that story is the need for ferroalloys. These are elements such as molybdenum, vanadium or niobium that are added to steel to make it lighter and stronger. Niobium is used to make super alloys, which are important to the defense of the United States as well as in industrial development.
TCMR: How is niobium important to strategic defense?
JH: Niobium-which is on the U.S. list of strategic metals-is used to make aeronautics and defense weaponry, the newest generation of helicopters, jets and jet thrusters, missiles, rockets and things we're not even aware exist.
Read more:http://community.nasdaq.com/News/2012-02/rare-earth-metals-demand-is-unstoppable-
Nice pinch on that chart, too...
New metallurgical report on the webpage
http://www.ressourcesgeomega.ca/
...which, beside the recent news, also has a lot of change made to it. Not sure why they've splashed the graphite data up front without having it relate to anything on the projects page, etc.
Charts looking pretty sweet here...
Looks like someone shorted it around $1 and appear now to have begun covering here...
3rd largest TREO deposit outside China (NI 43-101 or equivalent)
http://finance.yahoo.com/news/GeoMegA-Resources-Inc-iw-630579083.html
NI43-101
The initial NI 43-101 compliant resource calculation, released on September 29, 2011, totalled 183.9 million tons Indicated averaging 1.45% total rare earth oxides (TREO) in addition to 66.7 million tons Inferred averaging 1.46% TREO.
http://finance.yahoo.com/news/GeoMegA-Resources-Inc-iw-630579083.html
Lots of change on the website:
http://ressourcesgeomega.com/english.htm
They did a Reg D 506 offering in July and August
http://www.sec.gov/Archives/edgar/data/1526930/000152693011000001/xslFormDX01/primary_doc.xml
They filed for $2.3 million
Nobody ?
I tell ya, I get no respect. Why, the other day, my wife talked me into joining a bridge club. I'm supposed to jump off next Tuesday.
I am surprised nobody is looking at this.
The results being reported are stunning!
This could easily become a rare earth monster!
Newly listed TSX.v (symbol GMA) with a US listing (GOMRF). Is a low floater with around 15 million shares outstanding, that had a recent find of a whole lot of REE. Only two holes drilled so far, but both were over 1% TREO over a large percentage of the core. The find comes following a recent raise of $2.9 million for not that many shares. They have the $. They have the REE.
Has traded almost nothing in volume so far in the U.S. and only 800 shares today, but traded 140K in Toronto.
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