- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Another good day so far for this-currently up 12% but on volume of 9million as opposed to ususal daily of up to 900k,results coming YT?Needs to break 20c to overcome short term previous high then its blue sky till 35c which was back in December 05.Only 350k available on the sell side
The Mount Ridley project was not originally pegged for its rare earths potential. It was identified for nickel and copper sulphides and the company had started looking for opportunities that would allow it to gain exposure to clean energy and green economy space, company secretary Peter Christie told Stockhead.
As luck would have it, one of the company consultants indicated to the company that the project had the hallmarks of hosting rare earths.
It was a very simple process for us to rerun some samples and the results of those samples which confirmed the presence of significant rare earths, he noted.
Looking ahead, the company is waiting for the re assay results for the remaining 160 samples.
We have a geochemist who will help us map the profiles, understand what rocks we are in and understand where we are in the clay profile.
And then we will also kick off the metallurgy and once we do that, we are going to see which of the elements are going to come out easily and which are harder. Then we can tailor our exploration process accordingly."
If it can hold 1c, I might even tip it in the CompI see @Dona Ferentes beat me to this one? ............
@peter2 this one qualifies as a barcode .
Nice block stepups over the last few months.
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