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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 (14)	8/18/2012 2:15:42 PM
From: Combo	Read Replies (1) of 39

Yes their May 2012 presentation (p4) indicated an in-situ value of $550 per tonne of ore. One share currently buys over 8 tonnes of ore. Make of those facts what you will. My own calculations based on their NI 43-101 and REE prices obtained from a 3-year moving average indicates the value of TREO +Niobium is $812 per tonne of ore (indicated). That's $150 billion worth -- over $55 billion of this is from the critical rare Earths (Nd, Eu, Tb, Dy, and Y) and another $7.9 billion from Niobium. This excludes the additional 66.7m tonnes in the inferred category. As you mentioned we need to account for future share dilution (say ten-fold), partial recovery (early metallurgy looks good), and apply a fractional in-situ value relative to saleable value (say $10 per tonne). Still the value here trumps that of any other comparable company I know of in the REE sector.

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