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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
Post by Mouloukon May 07, 2015 11:07am
208 Views
Post# 23704125

Resource estimate / PEA / timing

Resource estimate / PEA / timing
I was looking at Quest to try to evaluate the timing of the PEA and the impact of the 43-101 report to come on the share price. It is really a mess...

Here are the 43-101 reports filed by Quest as found on Sedar:

June 27, 2014:           PEA;
April 9, 2014:              PEA;
December 6, 2013:    PFS;
December  17. 2012: Resource Estimate Update;
May 26, 2011:            Resource model update;
September 24, 2010: PEA;
April 21, 2010:           Resource Estimate .

Unless I am mistaken, all the 43-101 reports seem to be on the same property. It is really confusing though to have amended reports filed like that and it affects the credibility of the reports previously filed.

For Matamec, it seems to be a bit less complicated:

FS: October 21, 2013;
PEA; March 14, 2012;
September 17, 2010: Resource estimate;

I wonder how long it will take for GMA to file the PEA once the resource update is published.

Cheers,

Moulouk




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