RE: RNS12 Feb 2025 16:41
There appears to be quite an abundance of irrational exuberance, if I may say so... your premise is all founded upon the extraordinary valuation; however, this is one geologist's statement and is based on the "U" category of the resource, meaning "undiscovered". And anyone in the industry will tell you that a valuation such as provided, for undiscovered resources, is wildly overstated, and that it will require further, very substantial costs, in geophysical assessments and drilling and tangible results and proper analysis, before a rational valuation is possible and, perhaps then, a category of 'possible' or 'prospective'; then, after further exploration activity and costs, perhaps one of the rankings of 'conditional'; following all positive results, then much additional effort and cost to try to achieve a status of 'proven' resources, and with that, a true and rational valuation... and only then will you be laughing your way to the bank.