They chose just one 6m interval on visuals and the fact that it...

They chose just one 6m interval on visuals and the fact that it tested @ 3.73 % Li is pretty compelling.

There is still another 14m from that hole untested. Add to that the another 442 holes which didn't get a look either.

Proves there is something there. Question is what and how much? A new Drill campaign should be straight forward given the set up at the quarry already.

Raising $5-$10M should be easy, bring in new interest and help with liquidity. The area is home to world class assets and given this announcement I'm sure IND is now on a few more radars.

$30m has been attributed to the market cap for this potential Li deposit when you take out the sands, prior to option to acquire Pippingarra. Time will tell if ends up been a great entry price. If there is something there then you can expect this to trade much much higher.

I think it is highly unlikely this 6M @ 3.73% Li is an anomaly.

IMO
DYOR