Current price 2.1c, maximum you can lose is 2.1c/sh, upside is...

Current price 2.1c, maximum you can lose is 2.1c/sh, upside is huge by comparison, but you know this already because you hold and bought in the cap raise.

If they come up with a duster at Parndana, the SP will not go to zero, they still have plenty of other activities going on, so the SP might drop a bit. If they hit something big at Parndana, the SP will rocket.
On a relative scale the odds of them finding wide zones of Pb/Zn/Ag are very good, given the chargeable anomaly and high gravity that tends to peter out towards the NW where they had narrow hits of those minerals years ago.
The most interesting aspect for me is that high grade mineralisation was found to the NW, so if this is the source they are drilling, then it could be an incredible find, yet the downside for finding nothing is so limited.

You don't think they are using a diamond drill rig first up because they want to waste money do you? I certainly don't.
On a risk/reward basis this is outstanding value at 2.1c, please find me a better bet in the market!!