what's it worth?, page-2

Well basically the way I see it is the Cummins range JORC resource has a value current round 30-40mill..
Now KRE will gain 55% of that value buy spending the likely funds raised by the IPO on further drilling (which in turn could well increase the size of the JORC etc)
Overall in looks a good investment at 20c as 55% ownership is in the bag with the increase to DFS 80% the longer term target depending on IPO if oversubscribed could well have some of the DFS paid for..
the upside of course will come from the drill results
certainly a good area of investment with Quality Rare earths micro cap thin on the ground worldwide