I have sold all my position due to Scenario 1. There has to be significant news on discovery for Gold for me to re-enter. I am disappointed by lack of attendance of Management attendance in conference in person. I believe, the initial target could have been refined with better AI technology, aerial survey, in ground RF lithium detection before drilling the holes. Their methodology on selecting the drilling hole was poor given the less than 0.05% Lithium.
I am out because of Lithium story end, I will wait and see their Gold story, it has to be significant Gold discovery.
My Previous Prediction/ forecast :
I see 3 scenario by 31 October 2023
Scenario 1 - Low/ No Lithium 50% down to 2 cents, Market Cap = $ 3.5 Million
Scenario 2 - Medium Grade Lithium similar to WC8 8-9x up to 32-40 cents, Market Cap = $64 Million
Scenario 3 - High Grade similar to AZS 20x up to 80 cents, Market Cap = $$150 Million
*** For Base Reference Purpose ONLY *** Market Cap of AZS = $1.10 Billion Market Cap of WC8 = $475 Million
