GMA vs AVL,QRM,PAW,UCU,GWGGMA's 5 reported holes look impressive when compared to the best drill results from AVL, QRM, PAW and UCU imo (GWG just started its exploration program in South Africa)...and some of the pending assays are probably going to look even better.
I realize that GMA has much more work to do; however, early indications are that they are on to something potentially world-class in size and value. The probability of eventual success is looking better by the month
Is GMA being severely undervalued by the market, or is the market overvaluing other REE stocks? We shall see! The market usually gets it right eventually.
TABLE 1: COMPARISON OF BEST DRILL HOLES (APRIL 8, 2011)
[GMA, AVL, QRM, PAW, UCU, GWG]
| Symbol | Borehole | From (m) | To (m) | Length (m) | TREO% | HREO/TREO% |
| GMA | MVL-10-01 | 21 | 501 | 480 | 1.24 | MHREO of up to 22% of 7.55m core length from 39m-46.55m |
| Montviel Project, Quebec | MVL-10-03 | 21.30 | 534 | 512.7 | 1.38 | ??? |
| incl | | | 51.8 | 2.28 | ??? |
| AVL | L10-216 (Basal Zone) | 152 | 158 | 6 | 1.63 | 39 |
| Nechalacho Rare Earth Elements Deposit, Thor Lake, NWT | DDH L07-57A (All zones) | 18 | 183.01 | 165 | O.99 | 7.7 |
| incl | 73 | 97 | 24 | 1.73 | 4.9 |
| incl | 91.5 | 94.5 | 3.02 | 4.4 | 4.3 |
| and | 117.6 | 130.5 | 12.91 | 1.37 | 8 |
| and | 145 | 173 | 28 | 1.17 | 3.6 |
| L10-295 (Upper Zone) | 6 | 142 | 136 | 1.08 | 8.33 |
| L09-190 | 41.45 | 173 | 131.55 | 1.3 | 20.1 |
| L09-190 | 41.45 | 56.9 | 15.45 | 1.91 | 10.4 |
| L09-190 (Bazal Zone) | 111 | 117.25 | 6.25 | 3.22 | 16.7 |
| L09-190 (Bazal Zone) | 119.25 | 131 | 11.75 | 2.36 | 20.5 |
| L09-190 (Bazal Zone) | 135 | 173 | 38 | 1.85 | 27.6 |
| L10-219 (Whole Zone) | 18 | 146.6 | 128.6 | 1.41 | 14 |
| L09-193 | 31.45 | 33 | 1.55 | 7.68 | 7.1 |
| QRM | BZ10072 | 4.5 | 194.93 | 190.43 | 1.02 | 42.57 |
| Strange Lake Project, Québec and Labrador | BZ10072 | 4.98 | 5.26 | O.28 | 4.44 | 86.25 |
| BZ10059 | 5.96 | 320.6 | 314.64 | O.86 | 34.88 |
| BZ10059 | 51.96 | 129.05 | 77.09 | O.974 | 41.05 |
| BZ10059 | 97.66 | 106.77 | 9.11 | 1.76 | 40.50 |
| BZ10088 | 4.3 | 125.2 | 120.9 | 1.29 | 47.32 |
| BZ10088 | 6.7 | 112 | 105.3 | 1.34 | 48.20 |
| BZ10088 | 6.7 | 19.1 | 12.4 | 1.96 | 56.34 |
| BZ10088 | 75.38 | 95.2 | 19.82 | 1.33 | 57.80 |
| BZ10088 | 91 | 95.2 | 4.2 | 2.78 | 44.60 |
| PAW | PAWRC006 | 0 | 43 | 43 | 5.25 | 3.79 (for first 14 RC holes) |
| Mrima Hill Project in Kenya | PAWRC003 | 0 | 30 (EOH) | 30 | 8.85 | |
| UCU | LM09-65 [Sunday L (A)] | 21.2 | 26 | 4.8 | 1.83 | 95 |
| Alaska (Bokan-Dotson Ridge deposit) | incl (B) | 22.2 | 23 | O.8 | 3.95 | 97 |
| LM09-52 (Dotson) | 56.38 | 58.39 | 2.01 | O.5 | 67 |
| and | 60.28 | 63.97 | 3.69 | 1.1 | 57 |
| and | 67.6 | 68.4 | O.8 | 1.2 | 48 |
| LM10-76 (Dotson) | 148.36 | 153.96 | 5.6 | O.57 | 29.7 |
| and | 199.55 | 200.91 | 1.36 | O.59 | 24.3 |
| LM09-61 (Cheri) | 36.73 | 37.79 | 1.06 | 2 | 46 |
| and | 54.86 | 57.13 | 2.27 | O.9 | 39 |
| GWG | First exploration program launched on February 23, 2011 > Therefore, no current drill data (only historical data) |
| Steenkampskraal Mine South Africa | |
TABLE 2: MARKET CAP COMPARISONS (APRIL 8, 2011)
[GMA, AVL, QRM, PAW, UCU, GWG]
| SYMBOL | Shares O/S | Current Price
(Apr. 8) | MCap | >
(= greater than) | Geography |
| GMA | 17,915,477 | $3.90 | $69,870,360 | N/A | Montviel Project, Quebec |
| AVL | 93,558,000 | $8.86 | $828,923,880 | 1186.37% > GMA | NWT (Nechalacho deposit) |
| QRM | 58,487,000 | $6.52 | $381,335,240 | 545.78% > GMA | Quebec (Strange Lake deposit) |
| PAW | 108,372,000 | $1.58 | $171,227,760 | 245.06% > GMA | Mrima Hill Project in Kenya |
| UCU | 146,482,000 | 96 cents | $140,622,720 | 201.26% > GMA | Alaska (Bokan-Dotson Ridge deposit) |
| GWG | 375,361,000 | 81 cents | $304,042,410 | 435.15% > GMA | Steenkampskraal Mine South Africa |
TABLE 3: ADDITIONAL DETAILS ABOUT EACH PROPERTY (APRIL 8, 2011)
[GMA, AVL, QRM, PAW, UCU, GWG]
| AVL > NWT (Nechalacho deposit) |
59,000m of drilling in 266 holes
Heavy rare earths (20-28% of TREO%) N-S Composite Section (looking west) = 1590m
NORTH >> Hole 154: 1.88% TREO with 20.5% HREO over 20.0 metres
MID >> Basal HREE Zone > Averages 30m thick, 2% TREO, 20% HREE
SOUTH >> Hole 70: 1.90% TREO > with 32.6% HREO over 6.0 metres
Indicated Mineral Resources have increased to 57.49 million tonnes of 1.56% TREO with 20.72% HREO/TREO in the Basal Zone. The same update resulted in the Inferred Mineral Resources increasing to 226.88 million tonnes of 1.30% TREO with 14.33% HREO/TREO. |
| QRM > Quebec (Strange Lake deposit) |
Drill holes BZ-10-021-BZ10030A [TOTAL METRES: 2244]
Drill holes BZ09015-BZ10070 [TOTAL METRES: 6005.4]
Drill holes BZ10071-BZ10096 [TOTAL METRES: 3604.68] B-Zone drilling results confirmed strong REE mineralization over 1.2km strike length, widths of up to 600m and up to a vertical thickness of 309.9m
Inferred Resource Estimate (43-101 APR 2010) for the Strange Lake B Zone Deposit
TREO% Cut-off: 114,823,000 Tonnes
TREO%: 0.999
HREO/TREO: 43% |
| PAW > Mrima Hill Project in Kenya |
The ground area covered by the Mrima Hill licences is 1,180 sq. km
31 holes drilled in total. (14 holes reported so far.) |
| UCU > Alaska (Bokan-Dotson Ridge deposit) |
October 20, 2010 (Conceptual model)
Total Combined Strike Length: 2425 m
Projected Depth: 200 m
Estimated Contained Mineralized Tonnage: 3.5 – 6.5 million tonnes
Estimated Grade TREO: 0.76% – 1.42%
Estimated Heavy Rare Earth Content (HREO/TREO): 60%
The 2010 drill program produced a total of 3,770 metres of core from 18 diamond drill holes.
The 2009 drilling program yielded 2,840 metres of core from 27 diamond drill holes.
In a previous press release (Feb. 26, 2009), Ucore identified an interval of 6.3 metres averaging 3.62% HREE and 0.26% LREE (Hole LMO8-32; HREE’s deemed to include yttrium). This converts to 4.69% Total Rare Earth Oxide (TREO). The Heavy Rare Earth Oxide (HREO) component of this total is an impressive 95.4%.
Further analysis of this zone has now identified a subset measuring a significant 11.48% TREO over 2.52 metres (106.92 – 109.44 m). This concentration of rare earths is comprised of 10.85% HREO with 7.31% Y2 O3, and 0.63% LREO. |
| GWG > Steenkampskraal Mine South Africa [First exploration program launched on February 23, 2011 > Therefore, no current drill data. (only historical drill data)] |
| Minerals present in the ore body include the monazite, which is a rare earth phosphate, quartz, apatite and magnetite with small amounts of zircon, pyrite, chalcopyrite, galena and ilmenite. The monazite is the source of the rare earths. At an average in situ grade of 17% Total Rare Earth Oxide (“TREO”), Steenkampskraal remains the highest grade rare earth deposit in the world. The other economic mineral in the ore is chalcopyrite, which results in the ore averaging 0.8% copper and 0.5 grams of gold per ton. The monazite-bearing ore body is tabular in shape with an undulating form and a thickness varying from 30 cm to 90 cm. The strike is mainly east to west and the lode has a strike length of 400 m. The lode dips to the south and has only been traced down dip for a distance of 250 m with limited exploration. The angle of the dip is mainly between 20° and 30°, although there are areas where the ore body is nearly horizontal and other areas where the dip exceeds 60°. |