so at $1 we are looking at around $50m. $100m if the share price reaches $2. Even at that price, it’s still 1/4 of MEI. However, MEI does own the majority of the tenements on the alkaline complex if you also include the tenements under application.
Comparing to VMM’s below.
Assuming the lands that they staked all contain consistent mineralised REE, MEI’s footprint will be something like 5x larger?
Ann: Initial Metallurgical Work Confirm Colossus True IAC Project, page-87
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