RE:RE:RE:RE:RE:RE:Ressource estimate vs PEA
Moulouk wrote: JackieTreehorn: even though I have been very critic on how management handled GMA over the last few months, I am not as pessimist as you are.
My reading of the last few months is that the QP are nervous/unsure about the numbers provided by GMA which are way different than what a normal REE company would put forward, given the new tech that may decrease the CAPEX and OPEX. If it is the case, GMA needs to discuss/convince the QP of the validity of their numbers. Again, no news from GMA so my guess is as good as yours. I think it is not a standard PEA though and it complicates things. But Simon proves to the investing community that he is/was an amateur. He really looks bad with his committments. It is a 101 rule not to committ short delays if you cannot deliver.
Anik seems to be a waste, but we should have results in February before the PDAC:
https://resourceinvestingnews.com/82703-february-2015-catalysts-formation-geomega-orezone-graphite-one-mgx-energizer-highbank-vanadiumcorp.html . Other companies such as IamGold have had good results lately, so we may be surprised, but personally, I do not really care about this Anik property as I was in for the REE. I hope we can get rid of it quickly to avoid further dilution.
The article of Dr.Duchesne is at least encouraging for the separation part of the business:
https://investorintel.com/rare-earth-intel/geomega-patent-takes-two-hundred-year-old-biochem-routine-rare-earths/
Read also the comments at the end of the article.
I am therefore a bit more confident than you that we will go back to the 0.30s. I surprise myself to say that I also think that we may go way way over your 0.30 number if things turn out well. But, to conclude with the obvious, they need to deliver. And I think that your 2% chances to go over 0.30 again is not very generous.
Cheers,
Moulouk
Good post and I agree. The gold is just noise,but maybe we'll get lucky with the next set of results? But in reality we are all here for the REE discovery and the separation tech.......its the only thing that will generate new investor interest and give us an increase in share price. The one positive is that there has been no insider selling and the stock price has drifted lower over the past six months on low volume.
Lets hope all this waiting is going to be worth it !!