Ann: Shallow Gold Drill Intercepts of up to 16 g/t, page-47

Difficult to say at this point. Market has given no real valuation for their projects, seems like just valuing their tenements. If we get a boa or jv their may be an awakening of the true value of the project?just the graphite project alone suggests an IRR of 33% - with nearly 20m yearly profit for .LOM then, we have gold, ree, uranium....1.6c does not reflect value of any of thisback of envelope maths to me, on a PE ratio of 10 ( average of asx has historically been around 14 i think) suggests a price of around 16c....so discount all pe gets us to where we are now - so no value attributed at all! I have also never seen backing from 2 govs for project finance....again, not recognized by market as derisking project. Id like to see some financial backing from SA gov job fund - NT gov just did this for another company im in....SA would be shortsighted not to follow suit. have noticed a bit of extra media coverage recently though, so thats a good start!
kalkinemedia.com/au/news/stock-market/renascor-resources-june-quarterly-report-signalling-cornucopia-of-excellence-at-siviour-graphite