Is it time for Care and Maintenance?, page-24

Hey Kitty.
Perhaps you have assumed too much from what I am saying. Especially as it wasn’t directed at you.
Clearly NTU is not a producer. But how can you not value its future capability so to then value its worth as is now? (Incorporating mitigating risk and frustrating events you mention at that this current stage of development).
But this wasn’t my point.
My point prior, to another, is that market price for end product is not the total end all point to each REE company’s comparable value. Dropping end product prices ill effect all producer profit lines. But it doesn’t proportionately on an individualized basis. Same goes with the "inferior source grade" comparison argument. That’s just a naive assessment by those unable to get any deeper into a company’s numbers.
There’s only a bare few real analytical ways to compare any company in any sector in almost all investment realms and it isn’t something as simple as "it has an inferior source grade or product grade" at all.