It's hard to watch companies with no resource scream through $50M+ Market cap on a few good hits or a sniff of a new project.
$40M market cap for over 10 million tonnes at approx 1.2% seems a little cheap to me.
If this can get into production in the next 2-3 years pending spod pricing and general market conditions a $400-$500M market cap would be the minimum I can see happening.
There's only one thing to do with this current sell off!!. Scrape together some more funds and top up.
It's pretty much at my average cost now anyway so no harm done by picking up a few more at these levels.
ESS Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held