Ann: Key Exploration Update Juma East, page-32

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28/02/17

16:07

Post #: 22979594
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Originally posted by AndyIgo ↑

Hi Midnight26 and all,

Around 2006-7 I met a guy in the UK that purchased Rhodium as he manufactured lighting and large reflectors that are used in things like light houses and marine lighting. Coincidently it was his company that supplied the large chrome headlights for my replica SS-100 car. He was buying up for future supply as he had been warned of a shortage and a possible price increase. Prior to talking with this chap I knew nothing of this material as I understand it they only use it in small amounts as the big reflectors are made from marine grade stainless steel and then electro-plated with the Rhodium.

He did the right thing if you look at this eye water graph!

http://www.infomine.com/investment/metal-prices/rhodium/all/

I did read the company was looking at the metal recovery work and I assume possibly even a mining model. I wonder if Drake now regret being so parsimonious with their offer back in September although I guess they can’t complain as they have close to 50% of this mammoth resource.

Should be an interesting couple of months coming up, I wonder if anyone has a recent top twenty shareholder list on hand just out of curiosity.

Good luck to all shareholders.

Cheers and very best regards: Andy

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I was going to ask Jeff to forward me another as I reckon someone was accumulating quite heavily the past couple of months. I think there might be a surprise or two.

BBX Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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Ann: Key Exploration Update Juma East, page-32

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