Based on fandamentals, back of the fag packet evaluation
FTE was $0.11 when REE finding was annouced. It's now trading at $0.16, or 50% up
Initial uranium sample showing REE which was worth five times (500%) more than the uranium in the same sample.
Therefore FTE = 5 x $0.11 = $0.55
On the upside REE samples tested since, have indicated that the REE is throughout the deposit and coming in better than the initial samples at 1.3% and better.
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