Bennie said he was looking only at a base case, and at that I think he did a good job. If you all want to get into details, you are all overlooking the fact that there are 5 smaller targets outlined by ZTEM, in addition to the 6-7 Pebble-like "signatures". The combined effect of these smaller targets could be equivalent to another 2 or 3 Pebbles, so we could have an advantage over NAK of something on the effect of 8-10 Pebbles overall. And, I think, we have more land yet to be surveyed.
Having said all of this, I would not value anything in a straight line based on the number of Pebbles LBSR may have as compared to NAK. Reason being, the Principle of Diminishing Returns. That says, the more you add units in production, the less each unit is worth. Therefore, if one Pebble is worth 13 dollars, adding multiple copies will lower the value of each. Besides, if the equivalent of a half dozen to a dozen Pebbles are proven in and around the Big Chunk caldera, it will be scores of years before production will begin on many of these targets. They, will have little value sitting as nearly forgotten inventory for such a period of time.
Point here is, all the speculation going on here is way, way off base as to future values based on the number of Pebbles. In the meantime, yes, we are undervalued and could move to 4-5 dollars in the late near-to-mid term, IMO.
...all for what it's worth,
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