Jukieoz836, well done you are doing a magnificent job. Great post to Minister Ferguson. Might pay to correct your calculation (see below) if you forward on to anybody else, I think someone suggested Julia G......
Obtaining a resource valued at > $50Billion dollars in ground metal value for $20M would have to be the bargain of the century. Given the subsequent rise of the Rare earth basket prices by >570% since 2005 the theoretical value of Crown deposit must now be >$280 BILLION in ground value. $280B divided by $20M gives a multiplication factor of 1352 which certainly makes the current $20m valuation seem totally absurd.
eg. 280B/20M = 14,000 ie. factor of 14 thousand times the sell price, yes quite some bargain.
Keep up the good work jukie (we spoke on the phone a while back) kind regards wllmtrish
let the sp of lyc drop,, page-22
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Last
$6.94 |
Change
0.070(1.02%) |
Mkt cap ! $6.477B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.04 | $6.88 | $11.94M | 1.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 73 | 27613 | $6.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.94 | 15871 | 48 |
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