3.3 correct sorry just rounded up to 4, but still this plays...

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