Gents - first caveat im long - (and bullish) but here's some...

Gents - first caveat im long - (and bullish) but here's some real numbers to consider.

im not saying this will happen at all just saying logic and a bit of good fortune defines the below scenarios as quite possible/probable - it been going on all around IND Pippingara site.

just look at the examples

1. AZS
was looking for nickel and found some li under a year ago. _ they switched to develop the Li instead of the nickel and within a year -AS far as i recall they were not getting much over 1.3% Li on any drill assay - and they just got bought out by SQM for a valuation of A$1.63 billion.IND's Pippingara has only had one of its 442 drill cores tested for Li and it produced 3.73%- with highest two meters being at 4.38% thats pretty healthy. - although its only 1 assay its potentially way better than AZS results . and AXS just sold for A$1.63 billion. (cash)

for IND get to same valuation with just 78 mill shares out -that would infer an A$ 20-ish share price?

however if they continue getting results 3x more - and go to 3 x more - that could infer up to a A$ 60-ish share price??

2. WC8 18 kms away - was just at 3 cents sp in May this year. and with an A$27 million market cap (about same as IND before the PPN mine was thrown in ) and before theindirectly "hit" lithium - again most of wc8's assays just show around 1.2-1,5% Li- (one third of IND's assay so far) and WC8 has since jumped up now to 91 cents - a 2185% jump in 6 months. They now have a market cap of almost 1 billion A$ (with all oppies excecised,)- and its still heading north.

If IND can get to the same value thats 1 billion divided by 78 mill shares that implies 13$ ish per share?

but so far their one hit is over 2.6x as good as WC8's - so that in turn could imply an ultimate potential MC of A$2.5 billion = A$32 ish per share??

the other two LI mines nearby (within 50kms away) are:

3. PLS which was an A$ 10 mill market cap junior stock back in 2015 at 3 cents. Then they found lithium and today it is an A$11 billion market cap stock at $3.80 (having been as high as $5.50)-if IND can follow PLS's trajectory over the next 10 years and get to around A$11 billion market cap (not just A$1 bill as Im potentially projecting with myspeculative possible 12$ sp projection above)- then it could be even able to reach up towards A$ 70 per share?

4. MINalso around 50kms away.- hit lithium (it also has iron ore though) and has also risen up by 500% in 4 years to became an A$11 billion MC. So again a potential 70$ ish per share to be about equivelent in IND.

5.PMET.VN
lastly- and arranged by several of the same guys behind IND (Tolga Jewson etc) - along with Evan Cranston - has been Patriot battery Metals PMET in Canada. It hit lithium in the James Bay region of Quebec and in 2022 (last year) it ran from 23 cents ( and C$23 million market cap) up to $18 (to a C$1.8 billion market cap)

- For IND (with much the same management) and a stronger first Li assay - that would equate to going up to A$23 per share-ish??.

of course im not saying this stuff is GOING TO HAPPEN- but just showing whats been happening in the red Hot WA Li MA sector right now - and showing that the numbers are there and logical enough to imagine it could happen again - this time to IND???

so fingers crossed gents.

and that disregards its valuable silca sand business which is about to kick off reasonably soon IMO.