News Focus
News Focus
icon url

elcheepo

03/13/11 4:00 PM

#137088 RE: frankb325 #137081

Yup... that is why we are at .02 and hitting bottom support... LOL

Boy, the MARKET is who you have to impress, not me or the IHUBBER's,,, the MARKET, and in case you haven't noticed the market isn't really impressed with the REE's you speak so fondly of. LOL
icon url

eiddle

03/13/11 4:02 PM

#137089 RE: frankb325 #137081

I know you must be taking into account the costs to mine Ree's. Usually done while mining gold silver copper, etc. to make it profitable. Also the expertise to do it. Then cost in extracting it. Then the timeline involved to get this started before recieving the first dollar. Being Ree's are not rare as the word implies, other mining co. are opening shut down mines in the US and the world. China will export more when the facilities that were closed down due to enviromental polution are opened again. Then what if there is uranium in the mix, more cost to the profit line. Two years down the road when Rees are being brought to the market around the world, not just by China, what will the numbers for Rees/ton be.
icon url

mappo

03/13/11 4:03 PM

#137090 RE: frankb325 #137081

frank325 .... Great post, Great info.

Well said Frank.
Rusty Ridge showed REE at top 40 feet of drilling.
And contains all REE elements, included Neodymium.
At deeper depth, who knows how much more REE.
So far we know Ken staked more claims surrounding Rusty Ridge.
And so far we know the PREMIER of NEWFOUNDLAND had announced the
discovery of REE in her PROVINCE about a month ago.
I doubt the Premier would announce anything if it was a mickey-mouse find.
So far nobody knows.
Lets wait to hear from the IR, hope soon.