Green Battery Minerals Inc (GBMIF)

[Mr. Zen]

Here is the formula..

First the 43-101 report on what they have by an independent geologist

https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf

The mineral resource estimate yields an Indicated Resource of 1.76 Mt at 17.00% Cgr and Inferred Resource of 1.53 Mt at 16.4% Cgr. The pit constrained resource sensitivity remains robust even in reducing significantly the assumed commodity price (US$ 1,140 per tonne graphite, or CDN$ 1,530 per tonne)

Second the market cap

Market Cap 2,175,903 11/04/2022

Now for the formula, take the proven number of tonnes divided by the grade leaves you with the number of tonnes of pure product in the ground. Now multiply that by the sale price per tonne and you have the future market cap or net worth of the company with the product in the ground (in situ).
The only thing not in the equation is the cost to extract and the management overhead.

so here it is in raw form

Inferred 1.53 million tonnes divided by 16.4% = 250920 tonnes
therefore 250920 tonnes x $ 1,140 per tonne = $286,048,800 value in the ground before extraction and the market cap (investors value of company) is only $2,175,903.

Bought the wife a new Mercedes off one of these undiscovered mining plays a few years ago. You just have to be patient,,, 2 years +/-