POTENTIAL

Ask yourself, does NLC or NMDC whom are spending 300 million dollars on this project know the potential. ESI will get 51% royalties and they know what the royalties will be per million tons. Once the market is told how the MPA is calculating the royalties, we will know the potential.

Would NLC and NMDC then think of taking a stake in ESI at cheap prices. No insider buying and all disclosed. If Both NLC and NMDC pick up 5% of ESI on market. Might cost them $5 million each. A drop in the ocean from huge companies investing $300 M into the project. NLC and NMDC would double their investment when market finds out they have become substantial shareholders of ESI.

We really need to know how they calculate the royalties. This can then be used to calculate the present value based on potential future income.

What is the potential income for ESI?
Could NLC and NMDC potentially buy ESI shares on market?
What could the ESI share price potentially go to?

As Megagene79 said now that the deal has been done, the broader market will realise the potential and have new investors. Presentations to brokers and investors. New studies valuing shares will be used to find new investors and convince current shareholders to hold.

Exciting times. Holding tight DYOR.