RE: NEWS OUTImportant points from today's press (especially for the big boys who have not made a move into the stock YET)
1. Continuity of REE mineralization proved between section 2+00 W and 5+00 W (Extremely important. Essential for a resource calculation.)
2. The rare-earth mineral-bearing carbonatite has presently been identified over a strike length of 700 m, a 400-m width and to a vertical depth of 450 m below surface.
3. Significant phosphate mineralization continues to be intersected.
4. Significant niobium oxide intersected.
5. Core length given in feet in addition to metres (==> might mean dollars from US investors coming soon)
6. Assay results for 12 holes pending.
7. Cash position: $2.4 million
8. Shares outstanding: 17,985,976
Conclusion: The stock is very cheap at current levels. What we need is some promo to get the story out to new investors. Those "in the know" are fully invested in the stock for the most part...mostly retail investors imo. We need big money investors to come to the table = more volume + more price appreciation
I'm going to remain patient as I believe the value from the current and expected drill results hasn't been priced in yet. jmho glta