Running some quick maths here on the upside potential, feel free...

Running some quick maths here on the upside potential, feel free to add additional food for thought.

We're at $27m market cap (1c share price) ... seeing upside potential towards $500m+ market cap (18.5c share price) or 18.5x upside potential. We're at the base share price now so risk reward from here is very nice.

$500m+ conservative valuation on 3 projects:

1. $200m valuation on Kookynie project, bonanza grades, intial 300k resource at ~$650 per ounce valuation [in line with Ramelius recent 350k ounce resource high grade 13g (not bonanza grade like Kookynie) Penny West acquisition at $650 per ounce] ... further upside with lower grades surrounding to be unlocked which = more $

2. $300m valuation on Ora Banda South project, shallow ~10g hits, 1m+ ounces at ~$300 per ounce valuation ... [Ramelius recent 1m ounce resource lower grade 1g Rebecca acquisition at $150 per ounce] ... 13,000m aircore results expected next couple weeks, could be a company maker.

3. $TBD valuation on Grey Dam nickel project [next to Poseiden's Black Swan project and Ardea's Emu project] ... EM ground survey results expected, targeting Mincor's [$1billion+ valuation] Kambalda style nickel deposit; additional upside.

No additional exploration upside has been included in the above, these are just base figures.

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The Chairman put in $200k in the recent 1.1c raise and top 20 high net worth folks bought into the recent raise also. Additionally, the director Andy Beckwith, put in $200k, ex-De Grey exploration manager (Melina ~10million ounce project, $1.5billion valuation).

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Chart is looking outstanding, substantial volume last few days on higher prices, someone knows something? No announcements. Heavy accumulation. Volume says it all and where there's smoke there's fire. Looking forward to seeing the next few weeks.