Cummins Range REO Project Mine, Western AustraliaWith Kimberley...

Cummins Range REO Project Mine, Western Australia
With Kimberley Rare Earths currently trading at a significant discount to its cash backing of around A$0.11 per share, a broker has placed a price target of $0.30 on the company, well above its last traded share price of $0.09
Cummins Range REO Project Mine, Western Australia
KRE owns 25%, is fully funded to earn 55% and has the right to earn up to 80% through the completion of a feasibility study.


Malilongue HREO Project, Mozambique (earning 90%)
KRE owns 40%, is fully funded to earn 80% and has the right to earn up to 90% by sole funding expenditure to production.
The Malilongue pegmatite presents many similarities with the Strange Lake deposit in Quebec, owned by Quest Rare Minerals (QRM.TSX).QRM has an enterprise value of $140m


KRE remains well funded, far beyond any of its peers with $13m cash to progress and add significant value to its projects. KRE SPECULATIVE BUY with a target price of $0.30.
____________________________________________________
Fortune favors the brave
JP.