Market Cap greater than NPV?, page-2

Because the PFS is only based on a tiny proportion of the total tenements and product applications.

in addition to the PFS on Carey’s Well, there are bigger reserves at Tomney, Coondiringie. Then there’s 100% at Mt Hope for coatings applications. Then Camel Lake for the purest Halloysite ever seen in the world. Some posters are saying there could be 500 to 600 years mine life at the production rate stated in the Carey’s Well PFS.

PFS also based on ceramics market only. Higher value applications priced in $1,000’s per tonne.

UTV