IPO - Australian Rare Earths Limited - 25 June 2021 #, page-4

A few of the comments in that thread you linked on the ARR forum, including yours, don't seem to make a lot of sense to me.

"Even not right now, 30c is a very big ask for a very early stage RE explorer. This would put its SP MASSIVELY ahead of almost every other equivalent listed RE venture and I am not seeing any reason deserving of such a position."

It doesn't matter what the share price is, whether its $1 or 30c, what matters is the market cap. Constantly seeing this reference to share price as if share price is an apples to apples comparison - which is only the case when SOI are similar. Just because the share price will be higher doesnt mean the company is worth more, the prospects are better, etc, etc

40m SOI through the IPO, @ 30c = $12mil market cap.

Secondly, 725ppm TREO is right in line with Makuutu's resource grades. Obviously the projects are at completely different stages so we can see that the entire 39.9Mt for AR3s resource is inferred.