NMT - Neometals Limited

Any one has any news on this company..read they are going to mine in western australia..90 km. from where XTRATA had their mine, found a huge deposit...check it out on www.pmal.com.au article re xtrata bad news for them as RDR are going to start production..I think its validum...to strengthen steel...could be a start of something big..just thought to post that have not bought any just in process making research...comments please....

Re: reed resources....RDR

the place of xtrata is WINDIMURRA.....and for Reed minig its VANADIUM sorry about chickens english...

Re: reed resources....RDR

Re your enquiry, I spend a lot of time in and around the W.A. goldfields and
talk to a lot of people (prospecting is my hobby).
Reedy has been a broker for many years in Kal. and highly respected.
As you can imagine he knows a lot of people in the "know" as is extremely well informed ( I'm not sure if he retired from broking ).
They have some "interesting tenements" but like all prospects there are 100 failures for every successful one (there is more gold in the minds of men than
has ever come out of the ground).
Having a tenement near a successful tenement doesn't mean a lot,Look at the Bronzewing/Audax saga ......they drilled 400 bloody holes(it looked like a pin cushion) for practically zilch.
Anyway, it's the old story, wer'e in it for for a bit of fun...win or lose !!!

P.S. It's my selection for the April comp.......

cheers & beers.

Re: reed resources....RDR

whisky6210 said:

Re your enquiry, I spend a lot of time in and around the W.A. goldfields and
talk to a lot of people (prospecting is my hobby).
Reedy has been a broker for many years in Kal. and highly respected.
As you can imagine he knows a lot of people in the "know" as is extremely well informed ( I'm not sure if he retired from broking ).
They have some "interesting tenements" but like all prospects there are 100 failures for every successful one (there is more gold in the minds of men than
has ever come out of the ground).
Having a tenement near a successful tenement doesn't mean a lot,Look at the Bronzewing/Audax saga ......they drilled 400 bloody holes(it looked like a pin cushion) for practically zilch.
Anyway, it's the old story, wer'e in it for for a bit of fun...win or lose !!!

P.S. It's my selection for the April comp.......

cheers & beers.

Click to expand...

Nice post there Whisky, very evocative, I feel I'm in the goldfields already!!

Re: reed resources....RDR

We are not talking gold...but a hugh deposit of Vanadium....proven deposit which is going to be mined read the information...first this is a proven deposit which will be mined...I thought as much no one seem to have cought on as this is bad news for XTRATA who thought that they had the only mine and would control the world price...they know what they got....www.pmal.com.au it tells you all about it.....any comments...

Re: reed resources....RDR

I get your drift CHICKEN but the point is it's still in the ground!!!!
Question: Why didn't Xstrata mine it and stockpile it whilst the multi million dollar plant was in place???
With regards to Windi. I don't know how far back you go, but look up Posiden ,the shares went from a $1 to $250 and back to a $1 (every one convinced each other it was the worlds
greatest ore body).....

Re: reed resources....RDR

This is not what I say but which is reported...Xtrata is NOT wellcome in western Australia..Also I understand that the western Australian Goverment are looking at the $30 million which was taxpayers money how they could get it back...there are some bad undercurrents..read the reports..yes it was reported that its in the ground..but from people with reputation..not my little self...so there must be something to it..also Xtrata could not mine this as it did not belong to them...so I am waiting for developments..I have at present NO shares in this company but posted the information...this board wants the information as we find it..dont you agree

Re: reed resources....RDR

I understand where your coming from,but I,m not interested in the politics of it ( I,m a rock kicker ).
If you really want to get into what's going on look up Marc Rich on Google...he is kingpin in glencore which influences Xstrata ....then read a book called METAL MEN it will really blow you away!!! Glencore run the Minara nickel project near Leonora (in the W.A. goldfields).
Back to basics.......Your statement of RDRs project being 90km away in prospecting terms is like saying Sydney and Perth are next door neighbours.

Happy researching.

Re: reed resources....RDR

this is like talking to a wall...check...www.pmal.com.au you find what I posted..end of story......

Re: reed resources....RDR

I saw the film..on xtrata..right..has anyone ever thought where the money the swiss are using originated from..all I say..go back to the 2nd world war...maybe this will give you a clue..and Italian money is involved..I am glad WMC..and the western Australian goverment saw through them..that swiss banker who now lives in USA..gave us the clue..its money dripping of blood..and to do business with them !!!!

Re: reed resources....RDR

chicken said:

I saw the film..on xtrata..right..has anyone ever thought where the money the swiss are using originated from..all I say..go back to the 2nd world war...maybe this will give you a clue..and Italian money is involved..I am glad WMC..and the western Australian goverment saw through them..that swiss banker who now lives in USA..gave us the clue..its money dripping of blood..and to do business with them !!!!

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Disgusting isn't it... But look at what IBM did, they still get some significant backing.

Re: reed resources....RDR

Check www.pmal.com.au end of story...I am not invested in this stock but thought it worthwhile to post what I read..as its intresting..RDR are not involved with Xtrata...MR Reed...is running this show..anyway look and read if you are intrested....

Re: RDR - Reed Resources

Along time since Reed Resourses has been posted on ASF but there is a clear indication of the companys direction, with executive chairman David Reed purchasing 700,000 shares over the last 2 weeks of August at a price of 0.44 and 0.45 cents It is Set to run again, has sound fundamentals good management and great potential for the longer term. please do your own research and Cheers Vince

Re: RDR - Reed Resources

I posted this as a potential breakout a few days ago and it now looks to have broken.

RDR is planning on being one of the world's lowest cost producers of vanadium pentoxide. It is currently carrying out a Bankable Feasibility Study into the production of 20Mlbs p.a. of vanadium from it's Barrambie Vanadium Project.

On 14 June they ann significant drilling results from the project. First infill drilling results (51 of 120 holes) confirm exceptional grades from both the Eastern Band and Central Bands.

Average grade of intercepts of targeted high-grade mineralisation is 0.89% V2O5 and 17.3 % TiO2, using 0.6 % V2O5 cut-off. I'm still getting my head around these figures as I'm new to vanadium.

Yesterday they ann'd further significant high grade vanadium intersetcions to be fed into a revised resource estimate and the BFS. Drilling has also intersected some low grade fe, which doesn't seem to be a priority but looks like it might improve the economics of the project.

All of the mineralisation is in strongly oxidised material, which would be amenable to low-cost open pit mining and beneficiation.

The strike length of the deposit is 11km. The current resource estimate is only based on a small section of the strike and it looks like the final JORC could be up to four times the initial, which could take it up to 100 Mt, perhaps. Any other plucks?

Iron Ore

They are also in a JV with Portman over Mt Finnerty, where Portman recently farmed in.

Portman has an eighty per cent interest to the iron within the EPLs and Reed can now either contribute or revert to a 10% interest free carried up to a decision to mine.

Portman has already identified a targeted resource of around 3.5 million tonnes grading around 60% Fe (as at May 2007). Portman are only targetting 5-10Mtn to be trucked to their nearby Koolyanobbing mine for processing, however the overall potential strike length where Portman has identified fe on the project is 35km. Portman and going to complete further drilling along strike which could see this project significantly expanded.

Nickel

Also at Mt Finnerty they have a Ni JV with Western Areas, which looks highly prospective. Western are spending $3m on exploration to earn 65%, but it doesn't look to be a priority for them. Need to look into this a bit more.

Gold

They are also producing gold at a couple of mines providing a steady stream of income. Need to see website for detail here, but I think their major plays are Vanadium, Iron and Nickel.


They have about 100m shares on issue @ 50 cents gives it a cap of about $50m.

Strachan values the company at $182m, so by this there seems to be a little bit of upside perhaps.

Peter Strachan Research Report

Reed website

As I said earlier, looks to have broken out through 55 which should now be support.

(holding)

Re: RDR - Reed Resources

Had a nice little run nice breaking through a couple of days ago. Released ann on some upgraded gold estimates yesterday, but real minior fry compared to the Vanadium Project which I think is driving this at the moment. Still lots of upside if you believe the Strachan report mentioned above.

I'm hoping for some specie blue sky from Mt Finnerty Iron JV with Portman who are currently drilling it out. I'd expect any good results from that to give this another boost, even though the're only earning a small % of the result.

(holding)

Re: RDR - Reed Resources

Consolidating a bit today, but I like their quarterly and specifically comments about the Portmans JV. Such a shame they sold out for so little. I suppose having such a big player doing all the work is a good thing for them.

Re: RDR - Reed Resources

Kennas interest in RDR seems well justified.

In recent times we have had quite a nice increase in the sp from $0.52 to >$0.70.

Now we find the stock has gone into a trading halt. I suspect that the news can only be good as my broker has indicated a sp of $1.30 by Xmas. Maybe Santa has come early this year

Re: RDR - Reed Resources

greenfs said:

Kennas interest in RDR seems well justified.

Click to expand...

Sold out on the dead cat after the Aug correction.

Recovered nicely.

Reed Resources - Creating a steel minerals business
5/10/2007 By: egoli

Perth-based Reed Resources Limited (RDR) has quietly been going about its business over the last 5 years, and has made substantial progress. RDR is looking to commence a BFS into the Barrambie Vanadium project later in 2007, where a resource of 24mt@0.82% V205 has been established.

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Re: RDR - Reed Resources

Breakout looks like it's been supported pretty well.



Anyone gone with this?

Damn it!!!!!!!!!!!!!!!!!!!!

LOL

Re: RDR - Reed Resources

Yes. I am on board but a little late as my broker was recommending this one from $0.52 only a litle while ago. He has told me to wait for a little while (3 Mos) and I should achieve a substantial gain via a re-rating of the stock by the market based upon existing, known data.