Adding a few mT isn't going to excite the market IMO (its still a small resource) - i think itll come down to the scoping study and feasibility studies to spice things up (they haven't been successful with further exploration unfortunately - hopefully they have more luck in the March drilling program).
ESS mentions mid-January for the Scoping Study to be completed. You are correct at this market cap and the current lithium prices it still seems like an attractive hold
Just mentioned it to temper expectations, as i dont think the crowd will go wild on the announcement if its gone from 11mT to 12-13mT
At the current prices any lithium/spod resource is attractive and economical. The risk is for the longer term (conflicting analysts expectations - but so far lithium is looking to stay in a defeceit for the years to come). CXO was at the right place at the right time (ready for production with a small resource during the lithium boom/ATH)
ESS Price at posting:
41.5¢ Sentiment: Buy Disclosure: Not Held
