In short, the upcoming Preliminary Economic Analysis (also called a scoping study) will provide insight into what the resource is worth $ in the ground, and what it will take $ to get it out. It will take the future value of the asset and put it in todays dollars (Net Present Value). Market cap speculation would come from that anticipated value.
Spotlight on American Rare Earths, page-3621
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Mkt cap ! $120.8M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 9 | 274177 | 23.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 87763 | 4 |
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