Crystal Ball Gazing, page-11

Let me clarify—if we need to liquidate the assets for any reason, without considering resources and the potential which is where the scoping study comes into play, our assets alone can be sold for a minimum of $45 million which is 10x from our current valuation.

For instance, RDG purchased Lucky Bay for approximately $25 million in 2017-18. Since then, the garnet price has roughly doubled, allowing them to easily exit with a minimum of $40-50 million if they wanted to.

Moreover, you can tell the management sees the potential in this project and is committed to avoiding any dilution of existing shareholders with minor capital raises. I have a lot of faith in the management team, and I'm confident this will turn out great!