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Gold/Mining/Energy : Geomega Resources

GOMRF 0.270

0.0%

Dec 23 1:48 PM EST

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To: sense who wrote (12)	8/17/2012 10:59:19 PM
From: Combo	Read Replies (2) of 39

With a combined inferred/indicated resource of 250.6m tonnes at 1.45% TREO, Montviel is already the 3rd largest REE resource outside of China. I wouldn't be surprised if the updated NI 43-101 (due any time now), apart from increasing the confidence, would also succeed at expanding the resource -- perhaps even enough to surpass Avalon's Nechalacho resource (331.7m tonnes, world #2 outside of China). Out of curiosity, dividing their resource size in tonnes by shares in issue gives 8.65 tonnes per share. Considering each tonne has an in-situ value of $550/tonne, I figure a $10,000 investment here currently buys $128,452,936 worth of ore....

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