LML - $0.20 Club, page-3

Absolutely this has the capability of reaching 20c. That would give it a Market Cap of $280M
Check out this graphic from Renescor in 2016.
The short cut to 20c will be executing the old mining plan that was approved back in 2017.
Add a critical shortage of graphite and an increased focus by the market into the equation in the near future and it could be significantly re-rated.
Management have a choice, they can drill a lot more and prove up a massive resource and then go and build a huge plant. That process could delay mine production for another couple of years or they could build an optimised version of what they originally planned. For shareholders there would be a significant advantage in getting to production sooner rather than later.
Given all of the approvals LML has already by obtaining its mining lease, including access to water and electricity, they are years ahead of any pure explorer.
The up and coming drilling campaign will hopefully demonstrate to the market that this is a very big resource.
The updated feasibility study will show that this could be a very profitable mine.
If they get a mine up and running in say 3 years, and the price of graphite just hits its historic highs. The market could well rate this at around $1B Market Cap. Graphite could be the new Lithium, Try and find a decent Lithium Company with an approved mining lease that doesn't have a $100M market cap or more.
We just need the new management to execute well.