GREY:BHNGF - Post by User
Post by
rdwwwon Jul 07, 2011 1:23pm
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Post# 18807033
PEA comments
PEA commentsnot a big al fan
but he did push this thru to a PEA and the detail in it goes a long way to a speedy pre feas i suspect
so maybe he will move this along and pkg it up nicely for a major because we all know that mining aint his forte
there is now enough data in this report for any mid tier or large group who knows mining, not just REE and Ur mining, to step in and say we can make this work
A guess is that Al opened some doors with groups over the past couple years and can now go back and start asking for serious interest or cash to move ahead again
the new drilling will make this sucker larger which bodes well for anyone looking at it
Is it worth $7 - maybe not,. is it worth $1 or $2 , ya, i'd suspect it is easy on a takeout
mkt isnt likely to move it there until a suitor steps up
now is the time for Al to bring on someone who can sell this puppy, the current bd has no experience moving forward on a project as advanced as this
location is good
costs are small ($200MM)
and they have heavy vs the lights at Molycorp who are still way behind the curve in moving fwd
excellent chances to make a NA solution to the shortage of REES
GEM has a chance to peddle this thing, get on it Al