Guys valuing SCONI at $10m is undervaluing it considerably. The...

Guys valuing SCONI at $10m is undervaluing it considerably. The best way to value it imo is comparing it what the market is valuing other Scandium and Cobalt companies. Scandium and Cobalt are essential raw materials in Scalmolloy and Lithium-Ion batteries respectively. There are no primary Scandium producers in the world. All Scandium production comes as a by product. Do some research into Scalmolloy and you will see the massive potential of this. Airbus haven't thrown years of research and many millions of dollars at it for nothing.

Cobalt also in a similar boat with demand expected to far outweigh supply, and with 50% odd of global production coming from the DRC, this is a very fragile supply chain.

The combined SCONI (nickel laterite) north and south deposit has a JORC of

89.1mt @0.58Ni, 0.06Co, 61 g/t Sc
= 514kt Ni, 54.5kt Co, and 4.4kt Sc or 6.6kt Sc oxide (79ppm cut off)
or 1.7kt Scandium or 2.5kt Sc oxide using a higher 299ppm cut off.

Have a look at how much Cobalt other asx stocks have that have moved primarily on their cobalt.

BPL ($18m mc)= 60kt Cobalt
BAR ($24m mc) = 40kt Cobalt (they only own 50% of the deposit) so really 20kt Cobalt
CNJ ($10m mc) = 40kt Cobalt (they own the other 50%) so really 20kt Cobalt

Now compare Scandium developers

CLQ ($230m mc) = 11.8kt Sc or 18kt Sc oxide (high grade 419ppm)
PGM ($27.6m mc) = 9.1kt Sc or 14kt Sc oxide (300ppm cutoff)
JRV ($8.3m mc) = 1.3mtSc or 1.95Sc oxide (also high grade 434ppm)

Now as stated by other knowledgeable posters the Esmeralda graphite project is a very rare potentially high grade large tonnage Hydro-thermal deposit. Similar in nature to the thin vein Sri Lankan graphite which is more easily converted into graphene because of it's high purity. The potential of this deposit is massive. Have a look at other graphite explorers with deposits no where near the quality of Esmeralda and compare their market caps.

This isn't even throwing their main asset Urquhart Bauxite into the mix. Which they are fully funded through to production in H1 17.

So at 3.5c MLM market cap = $8m with $3m cash = $5m ev

Either i'm missing something big here or this is seriously undervalued to it's peers