"it could still trade low as 0.002c if the first few drilled...

"it could still trade low as 0.002c if the first few drilled holes are negative"

Correct - this is valued as it is because it's on the doorstep of lke

I put some thoughts out a few weeks ago re share price......

So the assets say, xtc have

Lithium in Argentina, Gold in WA and some Graphite in South Korea

Add the $12 million already raised - honestly not sure how close to the $8 million they'll get from retail

So share prices to market cap =

0.004 puts us at ~$32 million (Which is also our 52 week low)
0.003 puts us at ~$24 million
0.002 at about ~$16 million

Honestly I doubt it'd trade @ 0.002 as too close to cash value and not factoring in any assets....... Surely the 3 assets held would equate to more than $4 million. Having said this stranger things have happened...

0.003... Do the 3 assets now have a value of $12 million is the question. Honestly if the lithium project ves comes back and is no good what are their gold and graphite projects worth. Imo not $12 million

Just these thoughts imo 0.003 would be where the share price would sit for a while if the ves is sh!t as surely it wouldn't get that close to cash value (remember that's only factoring in the $12 million secured not anything retail tip in) and surely wouldn't go negative EV (enterprise value) should we be holding more than $16 million post raise......

Then imo 0.004 is out of the question - gold and graphite are not worth $20 million

If anyone has an actual valuation they want to put on the gold + graphite projects, not guess work, I'd be interested to see what they'd be

But do agree the ones that sold in the pump beginning of year are the winners here