They only need to get a couple of decent hits and this should move to a MC of $30-50M at a minimum.
Before anyone says that is a ramp take a look at any number of other junior explorers who have not proved up anything yet have much larger market caps.
From the announcement;
"The drill targets have been designed to test fault zones in key prospect areas. These faults zones
provide an ideal location for mineralised fluids to focus and precipitate. This is evidenced by the nearby
GMZ-ACKIO mineralised zone discovery on neighbouring tenements owned by 92 Energy and
Baselode Energy, respectively. Basin’s Geikie project is located less than 10 kilometres east of the
GMZ-ACKIO mineralised zone and within a similar geological setting. "
They only need to get a couple of decent hits and this should...
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