Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

  
 
  
Reply to this topic

REE, RareX Limited
mullokintyre
post Posted: Jan 15 2021, 02:44 PM
  Quote Post


Posts: 3,107
Thanks: 1118


Have not seen any announcements to warrant such behaviour, but REE up 22% today.
Thats nice.
Mick



--------------------
sent from my Olivetti Typewriter.

Said 'Thanks' for this post: rlane  
 
nipper
post Posted: Jan 2 2021, 06:17 PM
  Quote Post


Posts: 7,903
Thanks: 2646


REE made Tim Boreham list for 2021 : https://stockhead.com.au/experts/tim-boreha...in-2021-part-i/


RareX (ASX: REE) – market cap $47 million


QUOTE
Elon Musk’s electric vehicle (EV) maker Tesla is now worth more than $US600 billion ($810bn), prompting renewed buying support for the battery materials stocks.

The argument goes that if Tesla is worth that much, the EV and energy storage revolution must be real – and hence a voracious need for lithium and graphite despite price weakness across these commodities.

Rare earths are also required in not just EV motors, but wind turbines. That’s why leading rare earths stock Lynas Corp has performed strongly.

For those who prefer getting on at the basement, junior RareX has a known resource in the Kimberley region of WA and is doing something that hasn’t been done for years – exploring for new deposits.

Trade fears around the China supply chain have emerged in recent times, adding a strategic leg to the rare earths demand story.






--------------------
"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: Nov 18 2020, 02:33 PM
  Quote Post


Posts: 3,107
Thanks: 1118


In Reply To: nipper's post @ Nov 18 2020, 01:07 PM

Thanks for this one Nip, added some as a speccy today.
Mick



--------------------
sent from my Olivetti Typewriter.
 
nipper
post Posted: Nov 18 2020, 01:07 PM
  Quote Post


Posts: 7,903
Thanks: 2646


QUOTE
RareX Limited (REE), formerly Sagon Resources Limited, is an ASX listed rare earths company focused on developing its 100% owned Cummins Range Project in Western Australia.

Other projects include the Trundle Project, Weld North Projects, Leogang Cobalt Gold Project and New South Wales JV Project.

Long an explorer of cluster of porphyry copper gold systems at the Trundle Gold Copper Project Joint Venture in NSW, the Cummins Range project is the main focus. As well, tenements pegged originally for rare earths potential at Byro East, WA, are to be explored for magmatic nickel copper PGE discoveries in ultramafic/mafic rocks similar to the recent Julimar discovery.

Recently raised $3million in a placement.

At Cummins Range, drilling has aimed to upgrade the current inferred resource of 13 million tonnes at 1.13% total rare earth oxides (TREO) with 22.1% neodymium /praseodymium, and to define a highgrade component. Results from 18 holes returned wide, bonanza grade results in the northwest and central portion of the deposit and showed the mineralisation thickens close to surface and to the east.

RareX managing director Jeremy Robinson said the program provides a strong foundation for the planned resource upgrade at Cummins Range:
QUOTE
The majority of results received to date have exceeded our expectations in terms of width and grade, giving us a high degree of confidence in the ability to define a solid high-grade component as part of the upgrade, he said. We are seeing much thicker zones in the central part of the deposit, while still achieving some really strong grades well above the average grade of the current inferred resource.
https://smallcaps.com.au/new-assays-high-gr...earths-project/



--------------------
"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

Said 'Thanks' for this post: mullokintyre  
 
 



Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING