Is this sleeper about to awaken?
Involvement in three QLD explorers (Red Fox, Auburn and Prophet) each with successful management history, prospective granted drill-ready tenements. Now QLD Govt funding announced for Red Fox drilling - i.e. supportive of quality company management and projects.
Deals are all based on success and increasing CML's equity - yes, CML spends money in the ground at risk, but no fleecing on the way in.
The new 100% CML applications in QLD and NT with respected geoscientist Neil Wilkins signing off as CP on the ASX announcements also indicates to me a new depth of technical knowledge within CML to assist Leon after Martin Kavanagh's death in Nov 2020 left a void.
Quebec seems to be waiting for a new home?
Torrington appears dependent on third party financing for the topaz fibre commercialization.
Personally at a market cap of around $6.5M and around $2.3M cash = enterprise value of about $4M, it will take very little to double or more in value on any positive drilling news and that seems to be possible before mid-year from several projects.
I am a long-term holder and remain a supporter.
Enjoy the weekend.
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