we saw it hit 4.8cents without any drilling permits granted and without announcement of acquisition.
4.5cents to 6 cents is a very realistic range given the market cap or even better enterprise value at $12million. Most pre-drilling lithium spec companies have market caps at $20 million+, post drilling is a completely different beast some as we've seen hitting over $150million..
So you take the current value of $12million and extrapolate to $20million and you have our share price go from 3.3cents now to 5.5 cents which falls nicely in that 4.5-6cents range mentioned.
Ann: Trading Halt, page-60
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