Yes builds on the model for EPM to somehow get to $1B MC (substantiates the upside potential from an institutional level) (today's dollar for the ASX 300), which is 50 cents (or likely 45 cents, if you account for oppies being exercised at some point - sooner than later imo).
But with the assistance of these funds (and good macro, decent company announcements, and quality assets), you start to understand how things can be put into place and become reality (with or without down rampers changing their tune).
Average daily trading volume plays a substantial part after qualifying about ~$150M+ MC (AUD).
You would only need to consider a further more active share exchange, to unlock the required parameters.
Global X - URA - $50k average daily trading volume.
URNM - min 250K shares trading volume,
The Global X - COPX is $25M (USD) average per month (6 month period).
The Van Eck Vectors Rare Earth / Strategic Minerals ETF - REMX, min 250K shares is $1M (USD) average daily volume (9 month period!)
Most U-Plays opt for the OTC, but there are probably substantial benefits choosing a proper dual listing etc.
(note GGG, BMN, DYL, AGE, PEN, BOE, PDN) are all using the OTC with varying levels of success --- the problem with OTC from the US perspective are penny stocks are high risk; so your investor participation or reach is limited which might not help much with trading volume reliably.
Out of all these only PDN is in the ASX 300. (#178) (a lot of dumb money relentlessly buys in the ASX 300); but basically 90% owned by Institutions and Nominees (clients i.e. Fund Managers).
BOE is at #369.
As mentioned previously ASM which is in ASX 300 (#219) was last entrant into REMX
Note ASM (was a GOLD, and REE play) but the gold, was demerged out in July 2020. It enjoyed a substantial investment by the Van Eck Junior Gold Miners ETF. (and with the demerger still maintains royalties from the gold project, but lost the junior gold ETF fund support); basically now pure play REE.
So the Rock Hill Copper project might actually be an important project to commence.
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