RE:Engineering study..The old study used 130.00/ton and a value using that nuimber was 11.5 Billion. At $ 310.00 a ton you could double that to 23 billion. I am just extrapolating and do not really know how to valule in a M& A manner. Certainly, I think it shoujld be worth more than 0.45 cents a share.
It was smart to upgrade the study, to sell the royalty to get an investor such as saul rauf(name); all they need (and i know it is not that simple) is a combination financier/investor.
I am a little surprised that the que ( or federal)government does not come forward and help get this thing started. It has done all the work required pre-construction and minimized the lead period to production.
Remember, I am far from an expert and far from the actual site. I am just one of the little guys tryiing to find an investment opportunity that has been overlooked or forgotten about.
The junior game is filled with manipulation, outright fraud and insider advantages (cheap options each year that are good for 10 years; we should be so lucky). It is rare that the little guy wins. The best we can hope for is competent and honest management. Hope we have that here.