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

To: Combo who wrote (13)	8/18/2012 12:51:41 PM
From: sense	Read Replies (1) \| Respond to 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...

To: Combo who wrote (13)	9/20/2012 2:57:17 AM
From: sense	Respond to of 39

Here's a "price list" for the REE that's not exactly current... en.smm.cn How do the numbers here compare to what you used in computing value per ton ? The Renminbi exchange ratio is a bit over 6 to the dollar, currently.. ? So, they're saying basic REE concentrates are priced somewhere around $11K to $13K per ton after being concentrated to 42% to 45% TREE. That would make ores with 1 1/2% TREE worth around $433 per ton... minus the cost of mining and minus the cost of separations to get them to the 45% concentratoin level. Separations, as you can see from the price list... can add phenomenal value... with some oxides doubling in value with separation., and others, like neodymium, worth 10X more after separation to the 99%+ level. I think GOMRF are saying that their deposit features a very high concentration of neodymium... ?