Ann: TORRENS EXPLORATION PROJECT - TD10 ASSAYS, page-15

Hi midmid21

This used to be a sub 5 cent stock... marginal producer with high debt. It spiked hard when the Native Title concerns were finally resolved with the Torrens prospect. Since then AIS raised @ 20 cents [when it was trading for ~30] paid down some debt, Torrens drilling got out of control and also produced disappointing early results [currently paused and subject to a restart], throughout a large seller exited [?no idea who but there wasn't enough retail interest to hold up the price]... and the trade war BS took 20% off the Cu price.

On FA the stock is trading @ a 50% discount to intrinsic value... but the SP won't reflect that until the company comes out with some exciting things to say. The FA for the producing asset is steadily improving and eventually the SP will improve. If that was the only factor then the stock could remain under-priced for a very long time. The wild card is the Torrens prospect which should generate more speculative interest...