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PEK, PEAK RESOURCES LIMITED
nipper
post Posted: Oct 5 2020, 06:31 AM
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In Reply To: mullokintyre's post @ Oct 4 2020, 09:06 PM

Thanks Mick. No intention of looking deeper .. the website runs hot in 2017. Then bugger all, apart from AGMs . Peak and Trough

And a note I saw somewhere ... awaiting Tanzanian govt final approval.. To my unsophisticated eye, they have run out of money and run into blockages, that you allude to. Shakedown time.

Just another bunch of mining executive chancers. Likelihood of something in it for the mug punters would be very low.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Oct 4 2020, 09:06 PM
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In Reply To: nipper's post @ Oct 4 2020, 05:07 PM

Having spent nearly two years in Tanzania, I would be very hesitant about putting my money there.
My bet that the Chinese will come in and gazump them.
Corruption, cronyism and now a loony dictatorial president.
A cupla mill in bribes, no problems.
Mick




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sent from my Olivetti Typewriter.
 
nipper
post Posted: Oct 4 2020, 05:07 PM
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Peak claim they are the cheapest, but looking at the website, not much has happened since 2017, when the BFS pcame out. Seems to be stalled awaiting Tanzanian Govt approval


... The Ngualla Project, located in Tanzania, has existing JORC Compliant Reserves of 18.5 mt at 4.8% Rare Earth Oxide equating to 887,000t contained REO. Peak holds a 75% interest in the Ngualla Project alongside Appian Natural Resources Fund (20%) and International Finance Corporation (5%).
... One of the Highest Grade, Lowest Cost NdPr Projects Globally: Estimated US $32.24/kg neodymium & praseodymium (NdPr) breakeven point for positive cash flows assuming no other sales revenues from other rare earth material except NdPr, total preproduction CAPEX of US $365m and OPEX of US $91m p.a. over a 26 year LOM with a post-tax NPV of US $612m and IRR 22% at NdPr price of US $77.50/kg.
... Simple Geology and Mining: Large, high grade 4.8%, soft bastnasite ore body with mineralisation from surface allowing low cost free dig open pit operation with a low strip ratio of 1.77:1.

They claim

58 RARE EARTH PROJECTS GLOBALLY

FILTER 1 ... Does the company have an ore reserves?
44 left

FILTER 2 ... Does the project have a commercially proven mineral?
3 left

FILTER 3 ... Does the project process their RE to a standard tradeable product?
2 left

FILTER 4 ... Is the project CapEX below 500 million USD?
One left





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: May 27 2018, 04:06 PM
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PEK gets a mention here - It’s not about scoring the big win, it’s about not backing losers - interview with Appian Capital Advisory founder & CEO Michael Scherb
QUOTE
Walk us through the Fund I portfolio.
Peak Resources

Peak Resources is the 100% owner of the BFS-stage Ngualla Project, one of the world’s largest and highest grade undeveloped rare earth assets in the world. Located in Tanzania, Ngualla is optimally positioned to capitalize on the surge in NdPr magnet materials driven by electric vehicle demand.

http://www.mining.com/not-scoring-big-win-...backing-losers/

SP closed on Friday @ 4c - pretty close to all time low. Probably suffering due to the new Tanzania Mining Regulations that's seen many companies SP's fall.
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
herring
post Posted: Apr 6 2016, 10:43 AM
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In Reply To: jmcgoo's post @ Apr 4 2013, 01:16 PM

Not a lot of love for PEK on this share forum it seems.
Investor Update released on 05 April 16.
Undervalued and sailing under the radar, and looking on track to be one of the few new RE developments.

 
jmcgoo
post Posted: Apr 4 2013, 01:16 PM
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In Reply To: focus's post @ Mar 15 2013, 09:57 AM

I have PEK in mine and even though at the moment sitting on a loss - I rate this as long term buy. They have just released an announcement that has increased their JORC. In all the REE plays I rate PEK as probably the most likely to succeed. Reasoning - they have a proven cheap processing path, they have a huge deposit and they have very good grades. However - until the breaks come off the REE market the price will languish around here for awhile. I would say a good time to buy - I don't see it going lower. Also, should they sign a cornerstone investor, it will increase the shareprice by eliminating a lot of the risk.

Hope this helps.


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focus
post Posted: Mar 15 2013, 09:57 AM
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After my layoff from trading, time to get back into the swing of things.

Has anybody got PEK in their portfolio, PEK has come up on my radar (chat) as a stock that has some upside. I havent yet done any due diligence on the company at this stage , but am interested in people opinion of the company.



cheers



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Ooops
post Posted: Jul 17 2012, 03:48 PM
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Well I picked up a "tiny few" of these yesterday.

I know I might get dirty fingers but it looks to have bottomed.

 
anroo
post Posted: Aug 24 2011, 10:56 AM
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In Reply To: dee27's post @ Mar 2 2011, 04:58 PM

Does anyone no what happened to progress at 3rivers!!!

 
dee27
post Posted: Mar 2 2011, 04:58 PM
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In Reply To: dee27's post @ Feb 11 2011, 03:53 PM

More boom than bubble to rare earths story

QUOTE
Lynas is now out of the frame for the Chinese, but there will be opportunities for them elsewhere. There might have to be, given some forecasts that such is the annual growth in consumption, China could be a net importer of the stuff within five years or so.

Garimpeiro humbly submits to them – or any nation worried about future supplies – to have a look at Peak Resources. Its Ngualla rare earths project in mining-friendly Tanzania looks to be shaping up as something special, with a niobium (used in steel and superconductors) providing a second leg to its story.

Exploration has returned broad and good grade rare earths mineralisation. As Shaw Stockbroking put it in a recent research note, rare earth grades above 4 per cent over a large area and thicknesses are very unusual by "any global standard."

It said the rare earth zone at Ngualla was "one of the more exceptional rare earth discoveries in the last 4 to 5 years." Shaw has a share price target on the stock of $1.25 a share. That compares with its 81.5 cents a share closing price for Peak on Tuesday.
QUOTE


http://www.theage.com.au/business/more-boo...0302-1bdnd.html







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From little things big things grow.

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