7.5c SP -> $1.11 SP Target (Largest Potash Deposit in West-Europe) $30M MC, page-14

I agree there appears to be huge potential upside with the improved Potash market and the project economics, however, wouldn't you think there will be another capital raise before scoping study is released? I can't see 8m in cash lasting to the end of Q1 CY2022 based on the indication of drilling costs (from memory), so think a raise will be required in Q4, perhaps this is holding the price down.

If the additional 8 holes from the other licences areas are able to be drilled inside the indicated 18-24 months with improving Potash prices then this could see some serious rerate but will cost $$$.