One can say this is trading at shell value with the EV at circa $1.5M with over $3.5M in the bank.
Add in these assets:
- Manganese tenements 720km2 with a 55km strike frontier, over $5M of previous exploration work
- Lithium tenement right next to SEG's major lithium-tantalum discovery in March
- Copper / cobalt tenement proximal to grounds held by BHP, Northern Star and Dynasty Resources
Right now, everyone's eyes are fixed on gold nuggets up in the Pilbara. It's always best to buy when no one is paying attention.
One can say this is trading at shell value with the EV at circa...
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