-I would like to clarify/correct a point about my above post,...

-I would like to clarify/correct a point about my above post, and that is my expected Jan 25 buy target of ~2c.
This is probably not going to happen because we will have ~ $18m cash by Jan 25, so if we get to an EV of about $10m then that should see us reach ~3.5c ($28m m/cap ÷ 790m SOI).
So yeah, I'll be looking for something between 3.0 - 3.5c.

I do still think the 2c price is realistic, but that would be around this time next year when we burn all the cash and are approaching a new capital raise.
790m SOI x $0.02 = ~$16m market cap.
So that would mean by this time in 2025 we might have ~$5m cash with $10m EV and the 2c target would be applicable to that.


My thoughts on yesterdays announcement:
-I believe the best move management has done in the prior 2.5 years was the capital raise last month at ~5.4c.
The reason being is that I think ordinary Malachite assays were expected, as such management knew they couldn't raise post results as there would be no share price pump, so they raised into the pre-result pump.
Hands down, the only intelligent move I've seen from this mob.
This is the kind of hustle a spec MD should have.

- "The Company is in the process of defining its 2025 exploration program which is expected to be one of the largest programs in the Company’s recent history. These plans will be announced in the near-term."
This is pretty much key, and in my current capacity of Monday morning MD, I'd like to see the following:
•I'd love to see Hermitage get some love holes as that's seems to have dropped off the map completely.
•Clearly they've got the hots for Bunker Hill and hopefully that turns out to be a worth while target.
Keep in mind how hot they were for Malachite about 12 months ago. All those videos of Crispen and Sam frothing on Coffee With Samso should not be forgotten. Hopefully the frothing over Bunker Hill is warranted, unlike the frothing over Malachite.
When boys cry wolf too often, they start to lose credibility...
•Central Zone drilling should happen, but what I want to see clearly articulated about the pivot back to the 600k oz resource is that this is now back in play.
This was a pivotal reason why I invested in MZZ, and they made it absolutely clear that they "don't do starter mines", and they were moving away from this.
If Central Zone is back in play, they should articulate to the market that the 600k oz is back in play, just as assertively as they did when they dropped it.
MAKE IT CLEAR TO THE MARKET THAT 600k oz IS BACK IN PLAY... PUT IT IN THE HEADLINE OF AN ANNOUCEMENT!!!
e.g. Announcement: We are doing expansionary drilling in Central Zone to expand the existing 600k oz resource which is open at depth and at strike.

I'm super keen for 2025 and the new exploration program to hit.
Hopefully they get that RC Rab thing back in and pepper BH.

As always, best of luck punters.