The current market cap is totally insane based on some rock chips with Ok grading. Rock chips are highly selective so should always be to the higher end. It is no guarantee they will drill any substantial lithium interceptions. There are several examples of lithium hopefuls with ok rock chips but zero lithium in the ground. There are other ASX plays with actual drill holes that contain high gride lithium mineralisation and have a lower market cap.
Anyways, I hope early investors will do well. There might be lithium, we don't know until they get the drill results. Personally, I think the MC is too high for a small speculative gamble.
Ann: Further High Grade Lithium Encountered at Ruth Well Project, page-158
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