OT: Any people familar with drilling lingo?

[ucodegen]

Wikipedia has a second on core drilling..

http://en.wikipedia.org/wiki/Exploration_diamond_drilling

Might give you an idea of what they were doing. There was a map of where the drill cores were done and I don’t like the layout/pattern of cores. Normally you try a ‘matrix’ of cores to try to find the edges. I the referenced core results showed that some of the samples were taken right next to each other and most of them were in a single line (actually two closely spaced lines).. not a matrix. It was almost like they didn’t want to find a core that disagreed with their premise of wealth under the ground.

Found info that cost per foot of exploratory drilling averaged $2.16 in 1994. (Encyclopedia of Chemical Processing and Design, pg 20 under surface drilling, exploratory). Lets double it for current price (overestimating). Most of those exploratory holes that REE ran only go down less than 100 feet. Cost would not be a driving factor since that would be a $500 core for 100 feet of depth – not including assay cost. Most of the drilling cost is in getting/setting up the rig. If they run multiple holes, volume makes it cost less. Some of the rigs are also tractor/bulldozer structured – so road access is not an issue. Looks at this, their pattern of holes and depth make me very suspicious (all near each other, all along/near the road).

Example of tractor/crawler rig:
http://www.dthbuttonbits.net/JCR-Drillsol/JCR-CD-400.html

[Coronita]

Thanks. I’ll set a stop loss order at $13 so at the least i can capture a small gain… I hope enough fanfare about these mining co’s occurs and the shorties get the hell squeezed in the next couple of days 🙂

[Coronita]

Thanks. I’ll set a stop loss order at $13 so at the least i can capture a small gain… I hope enough fanfare about these mining co’s occurs and the shorties get the hell squeezed in the next couple of days 🙂

[Coronita]

Thanks. I’ll set a stop loss order at $13 so at the least i can capture a small gain… I hope enough fanfare about these mining co’s occurs and the shorties get the hell squeezed in the next couple of days 🙂

[Coronita]

Thanks. I’ll set a stop loss order at $13 so at the least i can capture a small gain… I hope enough fanfare about these mining co’s occurs and the shorties get the hell squeezed in the next couple of days 🙂

[Coronita]

Thanks. I’ll set a stop loss order at $13 so at the least i can capture a small gain… I hope enough fanfare about these mining co’s occurs and the shorties get the hell squeezed in the next couple of days 🙂

[Eugene]

11.85 grams per ton is a very respectable concentration and there are dozens of gold mining companies in the world subsiding on far less. You are right that it is a small sample (worst case scenario, a highly localized deposit that contains ~1000 troy ounces of gold), however, if you look at the map, you’ll see that it is found on the edge of the site, with no other holes in proximity.

http://files.newswire.ca/675/Rare_Element_Bear_Lodge.pdf

They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.

[Eugene]

11.85 grams per ton is a very respectable concentration and there are dozens of gold mining companies in the world subsiding on far less. You are right that it is a small sample (worst case scenario, a highly localized deposit that contains ~1000 troy ounces of gold), however, if you look at the map, you’ll see that it is found on the edge of the site, with no other holes in proximity.

http://files.newswire.ca/675/Rare_Element_Bear_Lodge.pdf

They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.

[Eugene]

11.85 grams per ton is a very respectable concentration and there are dozens of gold mining companies in the world subsiding on far less. You are right that it is a small sample (worst case scenario, a highly localized deposit that contains ~1000 troy ounces of gold), however, if you look at the map, you’ll see that it is found on the edge of the site, with no other holes in proximity.

http://files.newswire.ca/675/Rare_Element_Bear_Lodge.pdf

They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.

[Eugene]

11.85 grams per ton is a very respectable concentration and there are dozens of gold mining companies in the world subsiding on far less. You are right that it is a small sample (worst case scenario, a highly localized deposit that contains ~1000 troy ounces of gold), however, if you look at the map, you’ll see that it is found on the edge of the site, with no other holes in proximity.

http://files.newswire.ca/675/Rare_Element_Bear_Lodge.pdf

They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.

[Eugene]

11.85 grams per ton is a very respectable concentration and there are dozens of gold mining companies in the world subsiding on far less. You are right that it is a small sample (worst case scenario, a highly localized deposit that contains ~1000 troy ounces of gold), however, if you look at the map, you’ll see that it is found on the edge of the site, with no other holes in proximity.

http://files.newswire.ca/675/Rare_Element_Bear_Lodge.pdf

They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.

[Bubblesitter]

The rare earth market has been a wild one last 6 months, I’ve been doing some speculative plays primarily with Molycorp and other players. Lots of investment going on in response to China moves, first restricting exports to Japan, now cracking down on illegal dirty mines. China is a pollution basket case if you haven’t been recently.
Good to have downside protection, as with all the investment in mining in places like Brazil, will there be a rare earth glut in a year or two? I wonder what impact there will be impact of electric vehicle growth will be certain rare earth commodities. They say not all rare earths are created equal. I’m hearing China industrial policy may go big on electric and plug in electric vehicles. By mandating certain percentage of all vehicles to be electric, say 25%, they can leapfrog the West and Japan with clean energy vehicles and simultaneously help clean up their pathetically polluted cities. Last i heard China controls more that 95% rare earth production. The Japanese have been frantically scrambing to lock up alternative suppliers. More cars have been sold in China that US last 2 years now. Some interesting trends going on impacting the rare earth commodity market.

I find this stuff fascinating.

Bubblesitter

[Bubblesitter]

The rare earth market has been a wild one last 6 months, I’ve been doing some speculative plays primarily with Molycorp and other players. Lots of investment going on in response to China moves, first restricting exports to Japan, now cracking down on illegal dirty mines. China is a pollution basket case if you haven’t been recently.
Good to have downside protection, as with all the investment in mining in places like Brazil, will there be a rare earth glut in a year or two? I wonder what impact there will be impact of electric vehicle growth will be certain rare earth commodities. They say not all rare earths are created equal. I’m hearing China industrial policy may go big on electric and plug in electric vehicles. By mandating certain percentage of all vehicles to be electric, say 25%, they can leapfrog the West and Japan with clean energy vehicles and simultaneously help clean up their pathetically polluted cities. Last i heard China controls more that 95% rare earth production. The Japanese have been frantically scrambing to lock up alternative suppliers. More cars have been sold in China that US last 2 years now. Some interesting trends going on impacting the rare earth commodity market.

I find this stuff fascinating.

Bubblesitter

[Bubblesitter]

The rare earth market has been a wild one last 6 months, I’ve been doing some speculative plays primarily with Molycorp and other players. Lots of investment going on in response to China moves, first restricting exports to Japan, now cracking down on illegal dirty mines. China is a pollution basket case if you haven’t been recently.
Good to have downside protection, as with all the investment in mining in places like Brazil, will there be a rare earth glut in a year or two? I wonder what impact there will be impact of electric vehicle growth will be certain rare earth commodities. They say not all rare earths are created equal. I’m hearing China industrial policy may go big on electric and plug in electric vehicles. By mandating certain percentage of all vehicles to be electric, say 25%, they can leapfrog the West and Japan with clean energy vehicles and simultaneously help clean up their pathetically polluted cities. Last i heard China controls more that 95% rare earth production. The Japanese have been frantically scrambing to lock up alternative suppliers. More cars have been sold in China that US last 2 years now. Some interesting trends going on impacting the rare earth commodity market.

I find this stuff fascinating.

Bubblesitter

[Bubblesitter]

The rare earth market has been a wild one last 6 months, I’ve been doing some speculative plays primarily with Molycorp and other players. Lots of investment going on in response to China moves, first restricting exports to Japan, now cracking down on illegal dirty mines. China is a pollution basket case if you haven’t been recently.
Good to have downside protection, as with all the investment in mining in places like Brazil, will there be a rare earth glut in a year or two? I wonder what impact there will be impact of electric vehicle growth will be certain rare earth commodities. They say not all rare earths are created equal. I’m hearing China industrial policy may go big on electric and plug in electric vehicles. By mandating certain percentage of all vehicles to be electric, say 25%, they can leapfrog the West and Japan with clean energy vehicles and simultaneously help clean up their pathetically polluted cities. Last i heard China controls more that 95% rare earth production. The Japanese have been frantically scrambing to lock up alternative suppliers. More cars have been sold in China that US last 2 years now. Some interesting trends going on impacting the rare earth commodity market.

I find this stuff fascinating.

Bubblesitter

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