I will give you my best honest estimate of what I think the pps should be and where it is headed. NAK currently has a market cap of $1,250,000,000 (and many professionals have set price targets considerably higher than $13, like $18 or so seems to be consensus). So lets drill down (pun intended).
NAK has the pebble deposit as its primary asset. We have lands that, according to ZTEM (which has also been used to survey the NAK lands which have been drill proven) contain "6-7 prophry copper signatures to great depth" and therefore likely contain considerably more resource than NAK's lands. In addition, we also have AZ uranium claims, and Bonanza Hills, and Silver Bell, and I believe one more claim as well. So this following estimate is not even taking that into account and is therefore very conservative.
NAK market cap $1.25 bil. LBSR current market cap of $40.5 mil (at price of .071 and total o/s of 571 mil.) So we divide NAK's market cap by LBSR's market cap and we get 30.83
30.83 is the current premium that NAK is priced at vs. LBSR (and like I said this is very conservative, because by all rights, LBSR has MORE resources and claims in total than NAK). But just using this number 30.83 we now multiply that by the current pps of .071 and we get a total current conservative fair value of $2.18 for LBSR. Taking into account the other resources that NAK does not have, and taking into account the fact that NAK itself is still undervalued by around 25% or so, than one can see that this should easily be valued near $3 price per share. Our total mineral wealth is likely in the hundreds of billions of dollars (and yes you read that correct, and no, that is no exaggeration). So it is certainly fair to say that the current valuation is more than ludicrous. It is preposterous.
I hope this helps the new investors here to understand what is at stake in this stock. If anyone has any questions on this valuation analysis, please do not hesitate to ask me.
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