Hexagon Looks Beyond The Swarm, page-40

I have constructed the following using Pilbara variation over the last 12 month by recording share price of LISTED shares movements and apparent Mkt cap (there is still over 100mil shares in the money).
Conclusion..If you were a shareholder around the publishing of DFS,due to funding to get into production you have been diluted by over40% and lots more to come...despite this you holding has gone from 40c as high as $1.2o and currently around 95c...so say 100% in 12 months......dilution comes at a cost..yet with good partners and solid offtakes you are well rewarded. This now apply to HXG.

Both PLS and HXG are first class deposits in the right space at the right time
see simple illustration below