No correction required, I never said it was EPS
But you raise the point, Perhaps $0.16c SP x 60% (~10c) at the end of 2024 (if they have gotten into production by then)
And you honestly expect the Market to give you a valuation at 50% of that at this mornings price ? before all of the hard work has been done !.
Most Exploration Companies consider themselves lucky to have reached 10% of their Operating value prior to construction.
Ann: Makuutu Rare Earths Project Scoping Study, page-86
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