WTF?, page-11

WA1 pretty much took off once it listed onto the ASX. RareX had a decent run out of the 2020 lows but that didn’t last long, this is where I would have liked the team to have been more aggressive in their research and exploration outside of Cummins Range, they had a market cap close to $100M and the means to expand and potentially grab many more good projects. Sadly they didn’t do this, the directors instead created and listed GT1 to capitalise on the lithium story too, they then spun out the decent RE prospects we had into C1X and put all their remaining time into Cummins which ended up being what it is, giant but very low grade.

Ironically GT1, C1X and REE all capitulated - all managed by the same people. That’s many 100’s of millions of $$ investments taken with them into these lows and it’ll be hard for many to see those dollars again.

Anyway, let’s wait until October.