Notably, the ore at Halleck being compared to "clay hosted REE...

Notably, the ore at Halleck being compared to "clay hosted REE deposits re economical viability" kinda makes MEI's MC either too high and or ARRs MC being insanely low, which we already are even with MEIs $570m MC today. Once market understands this with the PEA & PFS we will soar beyond the billion MC with ease IMO.

Looking at the negative bottom line in HALLGARTEN+COMPANY'S annual report on ARR they note that capex to the low side is seen as a virtue in the REE space. This should be proven correct for us in the PEA and or PFS. Their 12 month price target is 46c which is very conservative IMO at a billion we're worth about $2.25 a share and at $1.5B or $3.37 a share is achievable with a good PEA & PFS/pilot mine and plant study assuming the bottom doesn't fall out of the global economy by years end, which IMO is all but guaranteed, when that happens I can't speak to nor can anyone. NASDAQ could play a deceive factor in us being relatively shielded from the downturn especially if we de-listed and went all in on the US market. One can look at the glass half full right?

https://americanrareearths.com.au/wp-content/uploads/2023/10/Hallgarten-ARR_Update_Sept2023-1.pdf