Oct. 8 at 12:51 AM
$ATLX Looking at JUPGF's neighbors (that have similar TREO grades and tonnage, like Brazilian Rare Earths and Meteoric Resources), their current market caps are
$700 million and
$300 million, respectively.
If that's used as a rough comparison, then JUPGF could trade between
$7.50 and
$17.50 per share (at current prices; before a reverse split and before listing to Nasdaq).
JUPGF also has a diversified mineral portfolio (eg: graphite, uranium, titanium, copper, nickel, etc), along with the quartzite and iron mining revenue (or soon-to-be revenue). Therefore, with the recent technical report by SGS... it makes me wonder if JUPGF should see a speculative market cap greater than its peers?
Would like to know your thoughts on
$JUPGF fair value!
And since ATLX owns ~30% of JUPGF, how does this recent update impact Atlas Lithium's price target?
Long-term Bullish.
"Charity. Patience. Humility." -reminder for self.