RE: target price?27 Sep 2021 03:17
Uranium is an obvious JORC because it is what it is, maybe a hype ramp to 100M+ MKT CAP simply because hype is hype and we are on USA OTC as well so /shrug. But yeah USA stocks really ramp up crazy and nuke stuff and China and well we'll see.
JORC on gold generally requires a minimum of $1B known extractable before its even looked at & even then location location location (So Hmmm nada till other.) As for the that locals Nickel and Chrome, well that needs an independent estimate which the latest raise was related to so whatever whenever & cross those fingers.
This part totally speculative'ish - ONCE the enviro side is sorted then it's a whole different ball game as, unlike conventional pit/mine limitations, surface level leaching/extraction is only really restricted by suitable environments & the amount of vehicles/people you have available (not to forget it also leaches GOLD, est was around $100M as a biproduct of the copper extraction which is cool.) The other thing to consider is the proof of concept/viability so more value from vested interest in Enviro. Realistically, given the duality of an Enviro success I'd expect to see the MKT CAP exceed a billion - and no I'm not joking because if it does work then current "GREEN" forces will be on it like mad, media will go ape, hype (plus USA OTC) and it's no-where near as problematic as initiating open pits and mine production (plus NO clean-up costs etc.) Yes I am here for the Enviro/copper anything else is a bonus.