4 year price target...11 to 15 bagger, page-20

dear forum

a public apology from me

although my spreadsheet is faithful to the long-term assumptions used in the PEK PFS, for me, at least, i started this thread carelessly without taking certain matters into account

1. the current PEK basket price, found in the PFS, is $24.97/kg. I did not notice this because I thought the basket price would take into account cerium depletion. but the cerium depletion in the PFS is much less than the cerium depletion in the scoping study (although this is not that important as the cerium only comprising of 9.4% of the total PFS revenue)

2. more importantly, PEK have not discounted the mixed oxides. Pr-Nd Oxide is PEK's main earner & on metal-pages.com mixed Pr-Nd Oxide 99% min FOB China trades at a 13% discount to selling Pr and Nd individually. further, I would image the other mixed oxide would receive a larger discount, possibly up to 20%

https://www.metal-pages.com/metalprices/neodymium/

3. PEK did not include any discounting for mixed oxides in their revenue assumptions, where they calculated 10,069t x $29.29/kg = $295M

4. my calculations get the current basket price to be $22.21/kg. if we are concerned about valuations based on current pricings then $22.21/kg changes the big picture (i.e., the baggers) enormously

anyway. best wishes. my posts are not financial advice but mere doodlings (dyor)