Just a guess here, but If they uncover the monster of 100 bil in minerals, I would value the asset at about 25 bil.
I am guessing LBSR could retain 30% after phase 1 and maybe down to 10% after phase 2 delineation, most likely bought out before mine development, say a billion or two..
Share structure will be important, but until drills are turning in a justified phase 2, we are probably looking at a nickel to a few dimes type range and medium term potential upon discovery confirmation..