There are a few ASX listed companies out there that achieve a similar MC just on the basis of finding a few high grade REE rock chips.
Equally,there are RE companies out there that have $200+ MC that I wouldn't touch with a barge-pole from an investment perspective.
RareX should have a conservative baseline MC of $60mill based on what has been displayed thus far.Sooner or later the market will adjust itself in this direction.
Ann: Initial Assays Confirm High Grade Primary REE and Niobium, page-10
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