Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Geomega Resources -- Ignore unavailable to you. Want to Upgrade?

To: sense who wrote (12)	8/17/2012 10:59:19 PM
From: Combo	Read Replies (2) \| Respond to 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....