Um, no body said they were. LYC is an 8 billion dollar market cap company 186kms down the road. They found enough rare earths at Mount Weld to fund a mine.
TNR have just discovered some rare earths and have a market cap of $35 mill. We know now what makes up the rare earths. We don't know, how deep, how wide how strong the find is. One thing is for sure - they are worth a bonanza if you can find them.
I'm pretty happy with this so far:
The assays have been sent to a specialist lab so they can be properly evaluated. The market certainly agreed that this is significant.
All 5 critical REEs and anomalous Cobalt, Scandium, Nickle, Chromium, Palladium and Platinum. This will all go nicely with the Au resource which will grow exponentially during 2022.
Yep, pretty bloody happy. Grab em while you can.
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