RE: US shutdown ended11 Nov 2025 13:25
Mathematical explanation:
Altona Market Cap = £6.13m or US$8.04m
Altona Contained TREO (tonnes) = 330,000
Market Cap / TREO (US$/tonne)
8,040,000 / 330,000
= US$24.36
............
So that's Altona valued at US$24.36 per tonne contained (in ground) rare earths, compared to Pensana at US$122 using the same formula.
So Pensana's contained TREO is valued at 5 times more than Altona's per tonne rare earths.
Then you have the added value of the Flourspar prospect for Altona, so showing a large value disconnect in my eyes.