Why? it's only $9m market cap.....as I've said before...

Why? it's only $9m market cap.....as I've said before the usual market cap for stocks with projects are $20m to $40m market caps.

30c isn't even a $15m market cap.

It's the market cap not the share price that matters.

Once the first results, which the company have said are due anytime; come through that will help to kick it on to that $20m market cap/40c-43c - $30m market cap/60c level if things are positive and then it's up to the drilling results to come through to either kick it on to that next level $60mMC/$1.25 or knock it back down to the $10mMC level.

Most aren't used to seeing such large share price numbers at this level so it seems weirdly high but when you look at the market cap it's very reasonable.

These will probably be bit lower once a capital raise is done to fund more drilling and those additional acquisitions of REE projects in Brazil mentioned in the General Meeting notice, but even then it'll still be a high number share price, not these 1c-5c stocks.