May I add that from my research this is now the largest rare earths deposit in the world eclipsing Chinas Baiyunebo deposit with nearly 5 million tonnes pricing is around $50-$100 a tonne for the GGG deposit.
It is over 4 times the size of Mt Weld and 9 times the size of the Nolans deposit.
It now contains 1 mill tonnes of Zinc which we werent even expecting and is a huge find withing itself.
We have 283 million pounds of uranium on top which is well over 10 times the deposit that Extract resource has, its well bigger than ERAs deposit and Paladins Langer Heinrich, both companies have 5 bill market caps.
The current enterprise value would conservatively put GGG at $3 a share, that using the U308 price of $3 per pound (exploration price) and $50 value for the REE, this doesnt include the value for 1 million tonnes of zinc or 3 mill tonnes of Sodium Fluoride.
The deposit still isnt finished yet either, I would expect more upgrades in the future.
Current market cap around 100 mill.
GGG Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
