Ann: Exploration Update - South West Terrane, page-395

ENX has only just pivoted itself to be a mining explorer and has only just got all the 20 tenements approved.

Therefore, it is still very young and is probably at the first 5% of the stealth phase (perhaps because I could see ENX's potential in becoming another LTR or CHN one day).

I agree that the current price presents a good risk vs reward value proposition, however, we might be up for disappointment if we were to expect too much in the short term. It might take months, or even a couple of years for ENX to prove its worthiness to the market. For me, being an increasingly tightly held stock, I would just continue to accumulate and be patient, allowing the law of probability to work in my favour in the long term.

After all, this is still a high-risk investment and the journey is still very very long ahead.

You don't choose the spud life; the spud life choose you - this is my key takeaway from ENX's corporate strategy.