Yes that's correct. It's a double edged sword though...

Yes that's correct. It's a double edged sword though and depends how the market sees us, both confidence and sentiment.

Nasdaq is all about forward estimates.

If you're seen as value adding, then market value you in multiples of your perceived future profitability.

If you're seen as a struggling company, you get shorted to the hilt some forced to bankruptcy even if they wouldn't have gone that far otherwise.

But once listed, it all kind of become blurred because even those who file for bankruptcy protection emerges back and become profitable again post shuffling some fancy accounting.

The thing is, CRML/EUR do not have debt. Financials looks great and would even look better post listing based on $125M from GEM waiting in the wings.

Further, CRMA will unlock EU funding on mining that they are currently constrained although have since prepared for since March 2023. I know for a fact Wolfsberg Project is not ignored... EU just want to have the rules laid out first before progress, which is slow and cumbersome approach unlike China or in some respect US where companies tend to progress ahead of Govt policies.

What's important to note is that the reason why rare earths are suddenly picking up pace is due to US capital. That will soon be easily accessible to Wolfsberg project upon listing on Nasdaq.

There is reason to believe CRML could be trading above $11.50 per share. That's the hope of warrant holders. But it's not the end all and be all. Even if CRML trades lower than $10, we would no w have access to capital... with or without EU banks... which for mining developers is one of if not the hardest hurdle post DFS. It's a huge tick of de-risking.

It will be noticed and it will reverberate across all ASX-listed explorer/developer mining companies who are all constantly looking for capital investment. It's a huge tick of approval for Tony and his skills and capabilities. That's what we should be looking forward to as our trust in Tony providing shareholders value would be unquestionable when merger is finalised. EUR would definitely be valued higher than it is today based on ownership of CRML shares, it's dumb for it not to and I would be gobsmacked if it doesn't eventuate.