Share Price Upside

Looks like we have shaken holders believing the share price could drop back to 4.2 . Which to me just seems ridiculous

The US is waking up to Book Value after recent Penouta acquisition. Jumping 30% to 11 cents (Australian) overnight

Acquiring the deeply discounted Penouta mine for only 6 million AUD is utterly mind blowing. investors are being distracted by the Greenland potential to realise what's going on. but they seem to be waking up now.

Mining infrastructure alone cost $50 million plus a $29 million revamp increasing output by 30% just prior to the recent mine closure represents $79 million alone
The ore stockpile on licence B and the Licence C resource which appears open in numerous directions allowing further upside again plus income.

What an absolute bargain if these AI figures are close
Not even trading at book value with absolutely no premium for license C opening up or even licence issuing in Greenland/ case victory offering dollars per share upside (as detailed). Come on that's just crazy

Total Current “Pro-Forma” Fair Value per Share

You can sum current components post raise.:

• Current baseline (cash + infrastructure + Licence B ready ship or stockpile+ Villasrubias):

  $$1.23¢+2.88¢+4.10¢+0.68¢=$$

No upside considered for Villasrubias modelling expansion until complete.

No Penouta resource upside factored in until determined (promising open ended resource (75% proven recovery exists)

Not even the Penouta C annual income Net profit up to $40 million pa included
all of this is currently being valued as zero cps??

Penouta Licence C expected share price rise upon reopening. (Probability estimated 75% success):

• Conservative: 8.89¢ + 6.84¢ ≈ 15.73¢

• Base: 8.89¢ + 10.93¢ ≈ 19.82¢

• Optimistic: 8.89¢ + 14.58¢ ≈ 23.47¢

Kvanefjeld License Issuing Upside

Given the current share count of approximately 2.195 billion shares, the per-share value attributable to the potential compensation is:

• USD 11.5 billion ÷ 2.195 billion shares ≈ USD 5.24 per share

This translates to an approximate increase of A$8.15 per share (minus Clifford Chance Commission), considering the current exchange rate, on full success.

The upside is mind boggling.... without even factoring in Trump