IXR is hugely undervalued right now. Most ASX punters have...

IXR is hugely undervalued right now. Most ASX punters have little idea of what they are looking at.
Most here have been comparing to other plays where there is very little information available.

Well here is one on home soil, in Northern Territory is a comparable company. The company is NTU.
They have a pilot plant, has been in covid19 shutdown(Care & Maintenance) and now slowly moving again with a partial restart. In June/July did a AU$22m placement with AU$6.1M in outstanding liabilities. About to undertake another drilling program for AU$5 million.
No money for a full scale facility to process their ore so an offtake agreement would be needed with capital injection.

"Browns Range has produced a mixed heavy rare earth carbonate for export to off-take partners for further processing.
Processing this carbonate material into individual separated oxides (for example dysprosium oxide or terbium oxide) currently occurs predominantly in China. With the aim of developing an alternative supply chain for heavy rare earth oxides"

NTU has 4,286,893,699 shares on offer with a SP of $0.033
Market Cap = $141.5 million

https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02275711-6A994021?

1/09/2020, IXR MC = $29.65 million

Now this company NTU has far too many shares, limiting any upside potential and yet it's Market Cap is 4.5 times IXR's. How monumentally undervalued is IXR right now?