Feb. 26 at 1:30 PM
$MSMGF $GRDM.X
Probability-weighted view based on current footprint and Phase 2 potential of JUST Falcon West (fully diluted basis assumption):
Scenario A – small / discontinuous (Current defined)
Value ≈ C
$0.33
Scenario B – modest coherent Cs core
Value ≈ C
$1.00
Scenario C – meaningful strategic Cs resource
Value ≈ C
$2.65
Scenario D – Tier 1 rare LCT system
Value ≈ C
$5.30
Weighted midpoint ≈ ~C
$1.75–1.80 per Fully Diluted share.
Market currently even underpricing Scenario A imo.
What must happen for Dramatic re-rating:
• Strike extension beyond 120m
• Core thickness consistency
• Blended Cs2O >3%
• Clean pollucite metallurgy
• Defined resource in Q3
If Phase 2 confirms continuity, this shifts from “small resource” to “strategic Western cesium asset.”
The leverage sits in Scenario C, that could bring it to Scenario D at over
$5.00/Share in value before processing even starts imo.
Now it’s about tonnage. ; )