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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 BombVarkon Apr 29, 2015 11:11am
130 Views
Post# 23676128

RE:RE:RE:THE GIANT IS ABOUT TO AWAKE!!!

RE:RE:RE:THE GIANT IS ABOUT TO AWAKE!!!I was pleased by what was in the sedar listing and this NR doesn't hurt. They did explain the delay to my satisfaction in the MD&A. They are now preparing a PEA for an underground operation, they wanted to optimize the flowsheet, lowering the electrical requirements and the reagents needed and incorporate their separation process into the PEA. Although some posters here apparently wanted them to issue some NR about having $82 billion dollars of metals on the property, that wasn't reasonable. They have taken their time and we will soon see the results. Just glancing at Rare Earth's PEA with a Cap/Ex of over a billion and a IRR (post-tax) of roughly 17% we will see if Geomega can blow those numbers out of the water.
Bullboard Posts