Well, there is no way that 3c is fair value for this company right now, maybe 6 months ago it could be questionable but not now. Considering the early geological finds from phase 1 drilling which have de-risked the company considerably and all the additional geophysical targets which have come to light since, including one of the best-looking ones in the West Arunta - Avalon. Add into that the $6-7 mil in the company's bank account now and also drilling kicking off again in the next month. It has definitely advanced heavily in the past 6 months and should be $30mil market cap or 9/10c right now IMO. If we get some decent Cu-Au or REE hits from these diamond/RC drill assays, then expect that MC to double again minimum.
Very undervalued right now IMO. Around 2 more weeks of tax sell time so who knows what further games and bargains are on offer but this is the ultimate time to be buying. If I was not so overloaded already, I would definitely be buying this pull back IMO.
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