Put it simple. GeoMega hit a 400 million market cap back in 2011 during their drilling program at Montivail. At the end of 2011 there was the rare earth metal price crash which hit every early stage miners and developers and a significant amount collapsed and went broke. It was left in a position to compete with the ridiculous prices. Lynas in Australia hit 30 cents back then and was on the verge of going broke as well. Forward 10 years and the company has left the project untapped to make sure they can develop a system to survive any price fluctuations and furthermore changed their position towards recycling while they complete the patented development
GeoMega back in Feb 2022 company was coming to an end to this patented development and gave 12-18 months to complete the tech and it’s coming up before the end of the year. Below is their main objective:
Below was tweeted 6 days ago from GeoMega which means something is coming shortly on their patented technology:
GeoMega valuation on plant announcement and investment from a third party you are looking at a 2.5 billion dollar market cap. MTM which is currently nothing priced in 14 million as management have indicated are more than confident that they will be looking at a total resource with around 1.5 % TREO which is significantly better than DRE a 300 million market cap right now. MTM should never be at this trading price. Below The life cycle of a miner and right now MTM is going vertical because it’s undervalued with comparable world class hits and proven mineralisation:
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