Yeeep! It is all about margin folks and Eldor has it. Look at the detail of the PEA...open pit, strip ratio, grade, metal mix etc. As they keep drilling the mine life just grows and NPV increases accordingly. They could also increase processing with more capital investment based on demand. Asia's growth of middle class will spur demand for technology and REE's. Demand should grow. They used a 10% discount rate to reflect high risk and got a NPV of $2.3B. Run the numbers at commercial lending rates of 4-6% and you get an eye popping NPV. Booya! BR is just gravey if they can get Asian interest for the Ta which has supply issues of it's own. You can buy all this for under $40M. And they say markets are efficient...ha! Key is finding the right partner.
You might not like mgmt and they have had issues moving things along on BR but you can't argue with underlying value and it has arrived. Let's see what the market does.