Aug. 6 at 2:27 PM
$MSMGF $GRDM.V Just putting today’s valuation into perspective.
Grid’s market cap is still only around C
$30M despite Falcon West advancing to a maiden NI 43-101 resource estimate this fall.
Based on the publicly available drilling, many investors (myself included) estimate the initial MRE could be around 300,000+ tonnes grading ~2.4% Cs₂O, or roughly 7,000 tonnes of contained Cs₂O.
Important: That is my estimate based on the drilling, NOT the official NI 43-101 resource. We’ll get the actual number from SGS this fall.
For perspective only:
• ~7,000 tonnes = 7,000,000 kg
• At a referenced cesium price of US
$220/kg, that’s approximately US
$1.54 billion of contained in-situ value.
No, that does NOT mean the project is worth US
$1.54B. Recoveries, mining costs, processing, permitting, royalties, taxes and capital costs all matter.