Ann: Site Visit To Tansim Highlights Spodumene Potential, page-98

all imo

cheap ? for an explorer? (WA - not imo) or for a developer (Authier CAN - ??) ? the divide is wide, and the certainty is not transparent.

If the BAPE was passed, 9 months, , and Authier could move forward to development, then at that time, the mc would offer growth.


Buy low , sell high ?

or if BAPE fails, then its Buy high, and capital trap.

Further, if it is forced to go down this 9 month or so path, the impatience of the market, and uncertainty will erode the buyer pool.

The path ahead is not certain, and not in any way a guaranteed outcome.

Only the conclusion of the approval process, to a successful outcome will open this to a genuine re-rating.

The upside when passed, though is very credible.