So you prefer to compare 2 companies by the price of their respective baskets as opposed to my method of resource size and grade?
I will make this simple. Based on what we know so far, how many tons does IXR have to mine to get their 1kg basket and how many tons does MEI have to mine to get their basket? Then tell me how much $/ton mined each project would expect in revenue.
When you can answer that than you will agree with me as to why I rate MEI project far higher than IXR project even though it's at an earlier stage.
Yes I'm making this simplistic and there are a lot of other factors I take into account before investing but for simple company comparison this is the method I would prefer to use as opposed to basket price. Ever watched a mining show on TV? The number one thing they want to know is how much money they will earn per yard (american shows obviously) of paydirt.
So i will repeat again...basket price is completely meaningless!!
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