Ann: Hammer Secures Funds for Active Mt Isa Copper Exploration, page-68

Wait, I'll have to ask my crystal ball.In any case, I would read my closing remark.

It is interesting to shed some light on the history of Liontown Resources. Liontown acquired Kathleen Valley from Ramelius Resources in August 2016. At that time, Liontown was prospecting for gold, not lithium (this parallels HMX - they are also prospecting or were prospecting for gold in Yandal). The SP was around 2 to 4 cents.Then the SP hardly moved for a very long time.



It was not until May 2019 that the story began to move.




I think this could be an indication of what would have to be found in Yandal to cause a (first) price explosion in HMX. Namely, the 90m at 1.3%. Interestingly, then again, not very much happened for a long time.

Those who thought they had made big money - whether in the first or second movement - were then confronted with the fact that two years later the SP was moving in completely different spheres. The "big leaps" from 2019 to 2021 turn out to be barely perceptible in the overall picture.

Now, what does all this have to do with HMX? I would read the announcement of 6 December 2022 again.



I also find this interesting (vs. Liontown May 2019)



Now, before anyone jumps to the conclusion that I'm up-ramping here or whatever - I'm just thinking out loud. I have my thoughts and weigh them up. Ultimately, everyone has to make their own investment decisions. Based on their own analyses, thought processes or gut feeling.

I see the possibility, the opportunity - but all these thoughts have no guarantee of success. What is clear from my point of view, however, is that a success on the lithium front (as a real "surprising" side show in this game) would send a pretty strong shake through the market. So DYOR!

While researching Liontown Resources, I came across a sentence/conclusion that could somehow also describe the situation at HMX - at least from my point of view. What is still missing is smashing success - but what is not yet, can always be.


10000 meter drillings - if each hole is 200 meters deep, that would be 50 holes. Theoretically 50 chances to "find something". No guarantee - but a chance. I think. In the context of Kathleen Valley, 40 km away, that would generate quite a bit of momentum. DYOR