Sadly you are likely correct. The market cap is high for a busted a*** explorer, either punters have gone mad on this or smarter money has piled in.
Still nothing wrong with a flutter, especially when odds have been shortened somewhat by actually finding mineralisation and off the strong conductor AND no graphite/salt water found in previous holes.
The drill will reveal.
MRD Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
(20min delay)