Based on fandamentals, back of the fag packet evaluationFTE was...

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.