Ann: Massive Maiden Mineral Resource for Ema Project, page-47

3.3 correct sorry just rounded up to 4, but still this plays into the recovery. MEI resource is still significantly more economically viable vs BCM.

BCM has to process at best 3 times more clay/earth to extract the REs. I'll agree the overall resource is larger but it's less profitable to mine hence a much lower MC.

Pretty sure MEI is also predominantly clay and the super high grades/potential rock are excluded from the resource estimate. MEI like BCM has potential to increase the resource further.

I still think BCM has potential upside, but the grades are definitely inferior to MEI however you compare them.

There is a reason MEI has a MC of $440M - $1B depending how you value it. It's a freak/unicorn resource.

Now, even with our differing views I think BCM has a potential upside to hit $100M - $133M MC at current RE prices. Definitely a multi-bagger for a 5x or 6x return once the market takes notice/more announcements drop.

GLTAH