This is way oversold IMO. Based on the current market cap we have an EV of around 16m (4.7m cash in the bank).
The results show that there is mineralization along the Chalba corridor - a previously untapped part of the Gascoyne..
And we have the land nearly all the way along it (54km)
Not to mention Arthur River and the associated land holding there.
Reading over the recent geo magnetic surveys we have identified many, many targets.
The first one we have had a crack at has proved there is mineralization in the area.
I suspect it's a lot of traders, short sighted investors and the 25c oppie / seed many being offloaded but I would expect a rebound back to where we were in the not too distant future given all of the activity planned for 2023/
Scratching me head here!
GLTAH, I haven't sold a share and looking forward to the multiple drill campaigns and exploring these other targets throughout 2023.
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