ITM 3.70% 5.6¢ itech minerals ltd

After another tough day as a holder, as suggested in a recent...

  1. 275 Posts.
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    After another tough day as a holder, as suggested in a recent post by SF2TH, the resultant current m/cap of ITM is equivalent to numerous REE explorers with less potential & the market is giving zero value to our Graphite potential.

    Meanwhile, drill results will continue flow as they become available & per recent update, a 2nd drill rig to begin onsite imminently both there in an attempt to expand & further define hopefully in time fast track what will hopefully result in a significant & economically viable graphite resource for many years to come.

    All of us here have heard it many times… there is an upcoming shortage & growing need for battery grade Graphite material, with most everything that moves going the way of electrification already or very soon needing it.  While experts timeframes are varied, the consensus is consistent for an unavoidable shortage.  Assumedly the currently the price of Natural Graphite is being suppressed, but IMO as a result of the shortage, its time will come & its value will turn around, (similar to how Lithium has).  This is not something management have any control over, yet Mike, his team & the lab scientists continue progress in met testing of both REE & graphite resources & expansion of their drilling schedule to determine the best target of attack from so many opportunities in expectation of the inevitable turnaround in value.  

    If the current met testing proves successful & economically viable then the monstrous Sugarloaf Prospect comes into the picture.  Similarly the REE opportunities which have had some recent positive developments per recent announcements.  In the mean time however, its the highly anticipated Lacroma prospect currently being explored that gives most hope.  Its met work is based on the smaller, but already confirmed battery grade quality Campoona deposit, that combined going to plan will justify ITM going from an explorer to a miner in time.

    Question is whether you see value here & now to commit or hold, or if you feel ITM has further to fall & prefer to most likely pay a premium when the risk is removed. There has to become a point where reward equals… or even overcomes risk for those on the sidelines & they jump in & holders gain confidence to add.

    My thoughts only.  All the best holders after a brutal day.
 
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5.6¢
Change
0.002(3.70%)
Mkt cap ! $6.848M
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5.2¢ 5.7¢ 5.2¢ $22.83K 419.1K

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1 70000 5.5¢
 

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5.6¢ 94338 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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