So 30%!
That is 42m tonnes x 30% x USD300/tonne, or USD6B in mica resource. Yowza!
Plus gold of 2m x USD2k, or USD4B.
So USD10bn of resource vs a market cap of USD60m.
So trading at 0.6% of resource value, making a 30 bagger from here possible.
Plus the mica is very low cost to extract, so that USD6b is basically profit.
Aside from needing to get the show on the road, and resource prices holding up, the only obvious issue is the small mica market. But over five years they should be able to displace mines running down, and so sell up to 0.5m tpa, which would see the mica sold over 15 years.
GLTA
It sounds like I am ramping, but I am just bursting with excitement.
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