The value of ESS in their current resource.
With a little extra drilling and increase in tonnage, this is a world class resource that should have every chance to get into production.
The recent exploration drilling away from the main game is a bummer, but the sell-off is overdone.
$40M is a very modest Market cap for what ESS already has.
I'm holding for multiples of the current market cap - it might just take a little while to get there as they tick the boxes. The positive is they appear to now be actively working to get this thing off the ground which is a change from just a bit of exploration.
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