The risk vs reward here is very good here.
MC $7m with $2m in cash - EV $5m roughly.
Say what you want about visual estimates of spodumene, you don't need to be an expert to see what they have found from the pictures. Question really isn't is it there or what are the concentrations, but how much is there? That question will be answered by the drilling scheduled next year which they are funded to deliver.
Chances are there's piles of it there, judging from their neighbours.
$LRS - $588m MC
Sigma - $2.1bn MC
Atlas lithium corp - $118m MC
Lithium Iconic - $108m MC
From what Biggs has said there is also more news coming soon from the projects in Brazil. Seems to me that this is just the beginning of the story starting to unfold.
Cheers,
DMac
The risk vs reward here is very good here.MC $7m with $2m in...
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