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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: Combo who wrote (13)	8/18/2012 12:51:41 PM
From: sense	Read Replies (1) of 39

LOL!!! "an in-situ value of $550" per share ? Might be a bit of dilution that occurs in that number, on the path to getting it produced... but, still... probably worth enough "on the hoof" to justify having some patience while accumulating a few shares... and, it's probably easy enough to justify thinking that 1% of that number is a viable enough per share price target... with some obvious upside in that number IF and as they succeed in moving this along from being an still obviously early stage exploration project to being a development project... so, still mostly relative "market situation" and time value of money arguments to make here, for now... Will they succeed in finding a development partner ? I was pleasantly surprised by the higher than expected average values reported in niobium, also... Depending on what the metallurigical studies show in terms of a niobium extraction cutoff value, that could perhaps add as much as another $100 per ton... with that providing a somewhat more stable baseline in prices that is probably enough to justify (and pay for) the effort in mining it... certainly when considering it in comparison with other REE deposits. I think that is a much bigger factor than some others might consider... in determining actual feasibility... as niobium is certainly a vastly more interesting market opportunity in terms of pricing stability and demand growth. They aren't showing significant enough average numbers in niobium that it will make this primarily a niobium story, but they are significant enough numbers in a secondary value that it will add more meaningful values in what is looking like a somewhat larger niobium resource than I expected they'd be able to show. The growth in niobium market demand should ensure a solid enough and stable market demand will exist for that as a secondary product, and it is likely to be the combined value that is what will be considered by potential partners in moving toward justifying actual development... As a REE potential, I still rank this one near the top of the pile of those I've looked at... I think it beats the pants off of the nearby IAG comparables in REE interest... given the ore face here is virtually at the surface...

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