Spotlight on American Rare Earths, page-671

Thank you peejay, thats a nice amount of Treo in the ground. But for the less educated investors like myself would you happen to have any idea what sort market cap and Sp we could be looking at if we make it all the way to production stage, derisked with an offtake agreement in place?
And lets not forgot, unless we can get a Jv or government financial backing i'm guessing we would need to raise a fair bit of capital to get financing so some new shares would need to be issued causing some dilution but i think would be well absorbed and only raised after a dfs is complete minimising the amount needed to be issued.