Except the lithium acquisition will need its own capital and will result in dilution of at least another 1Bn shares, thus leeching Halls Peak upside
Halls Peak should be drilled first, if it fails to deliver then subsequent acquisitions can be made
Why is it so hard to actually explore as opposed to vend and dump ?
GTT love a good pump, if you ask me, the best they can hope for on a Lithium deal is $20M max. Let's be real, these guys aren't going to source a gem this late in the game with zero mining experience, it will be some 2 bit asset that generates just enough hype for long enough to exit
Halls Peak with a few thousand m drilling committed would easily sit at $10-15M market cap given sedex potential and DSO grade. If they had half a brain, they'd retest the shallow high grade stuff first for next to no cost (<$300k), produce some bonanza numbers and then tell the market they are proceeding to test the deep conductors and promote the sedex story. Reporting stuff like 17m @ 5%+ Cueq at surface with follow up drilling is going to sit $40-50M cap any day of the week
But that is all a bit too hard to guys that know just how to vend
Oh and Ergo loses every boardroom meeting when it is 3 vs 1, so good suggestion there
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