Ann: Non-Renounceable Entitlement Issue, page-278

I believe at this market cap there's money to be made. Pretty simple. 4m MC.

VERRRY conservative;

DD successful = 1 bag
Announce drill campaign on exposed peg = 2 bag
Rigs to site = 2.5 bags
Drilling commenced = 4 bags
100+m of spod announced = 10-20 bags (80m MC)

All they need to do is one drill on an exposed pegmatite and it will explode. There's no way that these pegs can be anything less than 100m of spod knowing what we know around us.

Only risks are DD falls thru or they focus solely on the phosphate play.

All imo!