I know SRI well and have talked to management over the years.My...

I know SRI well and have talked to management over the years.

My thinking is why do a $1.5m raise with a large resource fund cornerstoning the raise and management when they already had $3.5m cash?

They are in the middle of drilling at the Warralong tenements in the Pilbara next to DEG and it has lithium prospectivity as well!

Surely SRI know what they have hit their already and the fun and management are getting in now ahead of results.

$6m EV for this on SRI plus they have a $12m JV with RIO for copper at Paterson North.

Fundamentally extremely undervalued imo.