Gabo Mining Ltd V.MDL

Financials

[jimwatsonnc]

Looks like they are making great progress on licensing good technology.   However, looking at their burn rate and cash on hand, it is hard to see how they can get to actualization without massive dilution.  I'd love to go along from the ride, but I've seen too many good projects get diluted to oblivion.  Am I missing something?

[ausheds]

Yep, low level Cap Ex required for initial +CF. Great attraction of this RE concept has always been its incremental nature off an extremely low CapEx base compared to any hard rock project. For perspective US currently imports ~5ktpa NdFeB requiring ~1500tpa NdPr, Lynas could supply 1800tpa right now from unused capacity at LAMP, and add another 3200tpa to that quickly & easily. None of the

[gnote1]

Another detailed post ausheds. Thank-you.  In Mark's presentation yesterday, he stated that MDL was fully funded for the next few months.  The next couple of News releases, posibly this quarter as Mark suggested, should get the SP close to or above 1.00.   Financing is always needed with these small companies in growth stage.  Plant construction will need financing

[laith]

I would think that larger companies would be looking at M  D  L  as a quick buy out target to get into the RRE field  as prices are moving up   THOUGHTS

[ausheds]

What would they be buying?

[laith]

The technology to take monozite sand completely through to a finished rare earth oxcide all North American supplied. No Chinese involvement period. I would think goverments would be keen to that

[ausheds]

Think they may ask to inspect the hard assets, in working order, before they write the cheque.

[laith]

Agreed