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Geomega Resources Inc V.GMA

Alternate Symbol(s):  GOMRF

Geomega Resources Inc. is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Quebec. The Company is a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials. Through its wholly owned subsidiary Innord Inc. (Innord), the Company is developing innovative technologies for extraction and separation of rare earth elements and other critical and strategic metals from its mining properties and other mining and industrial waste in an environmentally sustainable way. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the center of all these technologies. The two most advanced projects for the Company are the rare earth magnet recycling and bauxite residue processing and vaporization. It also owns the Montviel rare earth carbonatite deposit.


TSXV:GMA - Post by User

Bullboard Posts
Comment by poundmaker101on Jun 04, 2014 11:36am
125 Views
Post# 22629066

RE:PRESENT TECHNOLOGY VURSUS GMA

RE:PRESENT TECHNOLOGY VURSUS GMA
General, the information you posted may be difficult for some to understand unless you are familiar geology and how to interpret orebodies when it comes to mining and exploration. What you have posted is correct and does explain how different types of impurities affect the methods of ore extraction.
Based on the type of impurities to be removed  a different process may be required to remove the product. An example is extracting gold. Depending on the type of impurities it may require chemical methods such as cyanide leaching, frothing or mercury.
When it comes to GMA's property we already know that the major impurity contained in the ore is carbon. Carbon is one of the easiest elements to remove therefore processing the REE's should prove to be economical. The separation process to this point has proven to be successfull. What will take time from this point foreward is to test the separation process on the actual orebody as well as test the process with orebodies with more complex impurities. Personally I don't see this as being a problem.
As you state General, the GMA separation process involves no chemicals like the gold processing I mentioned above. Because the process is environmentally friendly, GMA has a process, if and when proven to be effective in treating all types of orebodies, shall revolutionize the way REE's are extrated.
I don't like seeing the stock price go down but this is the period where historically this happens. I am not impressed with the lack of news. It's not fair treatment of the shareholders who have invested their money to make GMA  the mining venture it is today. We can't lose sight of the fact that this venture will take a few years to play out before we see a decent return on our investment or take a loss on a venture gone sour.

GLTA!
Bullboard Posts