ITM Only 1/4 to have Ionic Clay projects on the ASX. Maybe AR3 best comparison.
-Twice as much resource on 1/4 tenements (with a higher cut-off)
-similar grade
-Better basket (slightly)
Plus the strip ratio is much better and the thickness means spatially it's not as vast to mine.
Tenements extremely under explored so upside on resource size.
The met results are imminent and obviously fairly crucial to the success but it stacks up more favourable that AR3 on the basis of information currently known on literally 1 tenement. yet AR3 is 44m and ITM 30m.
I think any one of the other tenements could proven something as equal as AR3 has.
That before you attribute the value to the graphite project.
Very good RvR compared to peers in the space.
There is 500-1000ppm drill hits in clay with market cap at 30-50m.
That's despite the fact it's generally too thin and too deep.
No proof of ionic material - infact most met results from other project state the exact opposite
Not a large enough resource size to underpin long enough mine life to support further feasibility.
SF2TH
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