RE: RE: New Presentation I believe Troy used the word "significant." There may be a recording of his January presentation in New York still on the website. If I repeated the size of any number here that I may have heard rumored I would be pounced on and pummeled as a pumper by the shorts and the usual suspects. The Japanese are playing their cards very close to the vest so I doubt we will hear any hints until there is something material to announce. This is a government to government deal with GCU in the middle and therefore very sensitive. News will be airtight.
If you are really interested I suggest you start your own due diligence by going the GCU website and under the Malawi project you will find link to download the resource report in the left hand column. It was written by if not the at least one of the preeminent experts on rare earths in the world, and his positive assessment was seen as a very strong endorsement of the potential of the project. Suggest you read it for yourself.
All of the exploration work for feasibility has been completed in Nov. 2012 and those samples have been under analysis in Japan to assess the economics of the project, but what I have heard is that all is positive and the clay-type and non-radioactive nature of the deposit make it one of the few in the world outside of China that could be brought into production quickly, cheaply, and in an environmentally safe manner.. The lead time on others are extremely long and radioactivity is an issue even with the better-known names.. TThat said, in this environment I've become a conservative 'show me the money' kind of guy.