Ann: Scoping Study - Port Gregory Garnet Project, page-42

Just thought I'd throw this in here - its about managing expectations in the share price growth of a junior. I'm sure 2ic will have a lot to add to this, but I thought a gist of things to come would be helpful.
"Money makes the world go round" - dont ever forget that mantra, because if you do, you could be in a world of hurt as an investor.
The article below (rather well written), gives a very good explanation of how higher interest rates in the face of rising inflation, is going to impede the growth of potential micro/nano caps which have not funding as yet.
The case in point is Hastings versus Illuka - the article explains it all.
https://*********.com.au/debt-warning-small-resource-stocks-rate-squeeze-worsens/

excerpts:
"Investors should take note of the red debt-flag flying over the resources sector with smaller companies at greatest risk, as the toxic mix of interest rate hikes and commodity price falls take effect"

"SIZE MATTERS - For investors the importance in comparing the funding mechanisms of Hastings and Iluka is that it demonstrates the importance of size and track record when it comes to debt funding. Both companies should emerge as winners given the high level of global demand for rare earths, but Iluka will do it cheaper."

As for those of you who are flummoxed as to why the share price is dropping, have an in depth read of the Lassonde curve.
I have provided a link for convenience - all the best - I've sold out my position.
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/