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 - $133M MC at current RE prices. Definitely a multi-bagger for a 5x or 6x return once the market takes notice/more announcements drop.
GLTAH
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3.3 correct sorry just rounded up to 4, but still this plays...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 152120 | 0.012 |
3 | 1051688 | 0.011 |
2 | 150000 | 0.010 |
1 | 100000 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 689063 | 2 |
0.016 | 130000 | 1 |
0.018 | 597632 | 1 |
0.020 | 5972 | 1 |
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