Ann: Investor Presentation, page-51

great business model to lithium brine.
- get others with expertise to develop / cover costs. = non dilutive in terms of the capex required for these projects, is just that one off hit, as they lose the lions shares of the asset. But thats ok. Being a minority (under 50%) holder and getting a free ride essentially. He also said one of the project partners wants the off take so there is value buyer for the lithium.

Many irons in the fire. I started here with the HPA, not sure if/ when pink slipper can drill, but what a target that is.

And the most recent asset the Nb. I think being the hottest iron in the fire for market attention.
So i dont really get the sell off. But that is the opportunity isnt it. To buy when others are fearful and there is a mis pricing of bet payout multiple.

A winning discovery that values at say eg. 100m valuation is 5-1 payout if the stock risk on is at 20m mc. But the payout is 10-1 if the market discounts it to 10m mc. Same assets, same risk, reward multiple varies on entry price.