I think what they should be doing is continuing test work but...

I think what they should be doing is continuing test work but also some more drilling to define a bigger resource, which it sounds like there is a good probability of.

A bigger resource should attract the offtake agreement and potential investment deal with one of the big anode manufacturers. There is obv huge demand for these battery materials, prices have increased rapidly and it seems like there is a scramble for materials. Couldn't think of a much better location given the close access to infrastructure (electricity/port) and the ability to deliver sustainably and reliably - Electranet are currently upgrading the electricity transmission infrastructure from Whyalla to Pt Lincoln which runs just north of ITM's tenements and should be finished by end of 2022. SA has one of the most renewable intensive grids in the world, which surely will be an important component of sourcing materials in the future, and you would like to think a much more stable operating environment than where most of these materials are sourced.

If we are also able to prove up the REE and Kaolin/Halloysite there is massive potential. Amazing to think it is only approx $20m market cap with $7mill cash given everything that is going on in the sector, especially RNU and ADN whose operations are just nearby and have a combined market cap of approx $900m.

Lets hope we get some positive news on the advanced REE testing they are doing, but more importantly lets hope they get some extensive drilling happening. Seems a massive opportunity to enter offtakes to bank roll multiple projects in a much better environment then the likes of RNU and ADN did i.e. potential to be much less dilutive.