It might hit mid-20s, or even higher as many of us here believe it deserves a $50m+ market cap.
But the reality is that it might take some time.
ENX might remain at the "Stealth Phrase" for the next few months as little groundwork has been done thus far, with cropping season which hinders its short term exploration progress. The merit is that it buys time for ENX to properly plan on its exploration strategy and to assess its options and priorities given that all the SW Terrane tenements have now been granted and with more neighbouring drilling /geochem results coming through. It would be silly for ENX to come up with 20 project names for each of its tenements, but it can certainly make several projects running in parallel from its 3700km2+ tenements in the region.
Coupled with low liquidity, this might not be the best stock to trade. However, it presents an excellent opportunity for long term holders to accumulate in the 'teens before it takes off, which could happen anytime from next Monday or in a few months. This is also where "time-in-market" could outperform "timing the market", especially for stocks that have great potential, like this one.
