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
Jukieoz836, well done you are doing a magnificent job. Great...
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.83 |
Change
-0.080(1.35%) |
Mkt cap ! $5.449B | |||
| Open | High | Low | Value | Volume |
| $5.89 | $6.04 | $5.83 | $18.89M | 3.204M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17984 | $5.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.87 | 3952 | 2 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |