graphite drilling commences

Been buying a few this week. Already up a bit but just wonder how much it can run given current mc is $16M @ 10c. Compare to say AXE, who have a similar mc but given their cash backing, have a much lower EV. Yes, LML have io also but until the groundwater issues are addressed, i think the market will attribute the project minimal value.

Anyway, let's see how it goes. Not unreasonable to think 20-30M mc is possible leading into drilling, given the low liquidity, but will need some strong results that reinforce the PB scoping study for a genuine re-rating.