SVM is an early risk reward play. As stated and I agree market...

SVM is an early risk reward play. As stated and I agree market cap is excessive on what we don't know.

What we do know from GBE PFS is CAPEX/OPEX is very low in Malawi which was expected - hence sovereign risk in these places which attracts "some" investment by few. Along with a lot of company flogging and Sprott pumping releases.
What we do know is company has stated FA on Malingunde since early Feb this year - trust issue after all the hype with that "asset" - come on SVM you are a public listed company - engage stake holders as this appears dropped ice cold atm with no mention in quarterly/annual reporting. Not a great look. Are investors in this for rutile only - as that is what it appears - with no value in Malingunde after all the hype there and expenditure. Therefore the market cap would appear flattering as we are a long way off knowing rutile and again now graphite fines facts - purely on the hype of company pumping largest rutile deposit in world - yet to be proven on a mineable scale - not to be confused with land mass.

What we don't know - facts. Until rutile DFS released in 2+ years and until they do what a public listed company is required and inform stake holders of the Malingunde graphite asset - or non asset.

Anyway - been good to me - still happy to hold a few - for now.