with current market cap of sub $25m a three bagger to $75m...

with current market cap of sub $25m a three bagger to $75m market cap could be possible. This would require either the A1 to start producing significant free cashflow, minimum $20m a year imo. Or for a successful restart of the maldon mine and profitable results from that.
That would likely take over a year to achieve imo, and considering how little they have spoken about it lately I feel it we won't see anything significant happen with the mine in the near future.
Potentially they aren't confident the mine is worth investing in as it currently stands although I could be wrong.

Regardless of both of these potential catalysts for a rerate, the main challenge imo will be the lack of buyers, interest and liquidity to drive up sp to a fair value and absorb the selling that would no doubt occur between here and whatever sp represents a $75m market cap.
We have a very limited amount of potential investors at the moment unfortunately, and these investors have been the most affected by market volatility and conditions.
Small end of the market has faired much worse then the blue chips top end of late. Lot of work to be done still realistically to get sp to 50c+ low soil helps but need some too good to ignore news/results to push this up imo.