i'm in, page-2

My earlier estimate of MCAP based on my estimate of resource size: https://hotcopper.com.au/threads/ann-exploration-update.3820641/page-122?post_id=29466140

DYOR. Not advice. This estimate is based on some general assumptions about resource size and assumes comparable quality and production economics to the PLS project.

PLS is currently $1.44B MCAP and a resource of 69.8MT. In construction phase.

$1.44B / 69.8 = $20M per MT

QUR guesstimate at 41.2MT

Conservative ( after PFS, JORC and with offtake ):

$10M per MT = 41.2 MT x $10M = $412M MCAP

Optimistic ( in construction, same stage as PLS ):

$20M per Mt = 41.2 MT x $20M = $824M MCAP​

Current fully diluted share issue from 3B:

Approx 930M securities

Apply worst case 20% dilution pa for 3 yrs = Approx 1.6B securities.

Assumed MCAP $824M / 1.6B securities = $0.515 per share at construction/commissioning stage ( 3 years time ).

That’s just for Thompson Bros and doesn’t take into account the highly prospective Alaska tenements.

I’m patient