brikk, "LBSR would get a higher valuation per deposit, if these various "pebbles" were mostly active sites."
Yes, but the complexities of getting to that point will be very nearly overwhelming. Look, these targets are so large that they will be able to support multiple operations at each. So, if you spread that out over "various" Pebbles, you are talking about one of the most massive infrastructure and mining development works in history. I don't think that can be done in the time frame assumed in many of the valuation speculations posted here, nor will it be desirable as the consequences will be very hugely disruptive of the environment, labor resources, and the mining supplies chain.
So, I will continue to insist that targets will be prioritized, with some sitting "on the back self" for decades, regardless of how many prospective operators step forward.
...just my opinion, however.
VP in AZ