OTCQB:NVMDF - Post by User
Post by
praesenson Nov 26, 2009 1:44pm
531 Views
Post# 16527037
REE
REEI´m still a HMI shareholder - so do not want to bash, but:
Many explorers own many properties - most of them will never be developed, because they will never get economical.
HMI has some nice propertys - nothing more.
I hope they will have pretty good drill results at Ballarat.
But REE - very very expensive to mine.
It needs complex chemical procedures to seperate the different REEs.
This means huge amounts of money, that will be spent only for really huge deposits.
For example have a look to australian REE-explorer Arafura.
Worldclass deposit - but big problems to get it financed.
All these new HMI properties are not woth a penny in shareprice.
Maybe, and I hope so, some day.
But this day will need years.
So let´s wait for spring and find some 30 gramms / ton gold over 230 metres at Ballarat ... ;-)