390m SOI so current MC $10.9m
$5m cash therefore EV of ~$5.9m
Jadarite lithium assets resembling those of Rio and a healthy pipeline of news flow.
Register which apparently hosts Tolga (unsure which entity)
In summary it’s a super low EV play in a hot sector with potential for huge resources and has a register which adds significant credibility to the managements ability to define and in time mine the Jadarite. Hard to imagine that this won’t achieve $30m MC in the next 12 months.
Interesting side note: Jadarite is apparently chemically very close to the fictional Kryptonite, which as we know is green.
Who doesn’t love green
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