My research shows to help value Bayport's currently disclosed REE claims its best to compare them to what currently exists in the market, and the best company to compare to here is Texas Rare Earth Resources Corp as they are a U.S. based REE company (since September 2010) and they trade on OTC. http://texasrareearth.com/
Comparison:
1) Company Age As REE Focused: TRER, 12 months / Bayport 2 months
2) Exchange: TRER, OTCQB / Bayport Pinksheets
3) Rights To REE Claim Acres: TRER, 860 / Bayport 760